Category Archives: Chicago gas prices
Is there any difference between name brand gasoline and generic or unbranded fuels?
GasBuddy’s Patrick DeHaan says…not really.
Did you ever want to know what the heck the difference is between winter and summer gas blends?
Petroleum Analyst Patrick DeHaan of GasBuddy breaks it down for us.
Gasoline price tracking website GasBuddy.com has good news for drivers for this summer–really low gas prices this summer.
GasBuddy is projecting motorists will be paying the lowest gas prices in ten years during the upcoming summer driving season (Memorial Day through Labor Day).
The website’s petroleum analysts point to a recent Energy Information Administration projection of an national average gas price of $2.45 per gallon. But GasBuddy’s experts believe the U.S. average will be $2.35 per gallon–10 cents per gallon than what the EIA is predicting.
Drivers are continuing to get good news in an unlikely place–the gas pump.
After years of experiencing relatively high prices in excess of $3 and sometimes even $4 a gallon, the price of gas nationally and locally has fallen for over 100 straight days according to AAA’s Fuel Gauge Report. Prices haven’t been this low since 2009.
AAA Chicago’s Beth Mosher says they’ve haven’t seen anything like this ongoing price decline since AAA began tracking gas prices back in 2000.
“(Nationally) it’s the longest continual drop ever,” said Mosher.
Call it suburban sticker shock.
Suburban drivers are being treated to gas prices unseen in years–unleaded gas being sold for under $2 per gallon according to the Daily Herald.
Many gas stations outside the City of Chicago and mainly outside of Cook County where fuel taxes can add significant cost to a gallon of gas, are advertising regular unleaded gasoline for as low as $1.98 per gallon according to ChiagoGasPrices.com.
According to two fuel price tracking services city gas prices have not been this low since October 2009 and may continue to drop.
ChicagoGasPrices.com, is showing an average price for regular unleaded gasoline at $2.52 per gallon throughout the greater Chicagoland area which includes both city and suburbs. That’s 55 cents per gallon lower than a month ago and a whopping 88 cents per gallon less than last Christmas.
While AAA’s Fuel Gauge Report shows the average pump prices for regular unleaded has dropped 16 cents in the past week within the city proper to $2.81 per gallon. It’s a 49 cent drop from just a month ago.
“High supply, low demand, low oil prices,” is how AAA’s Beth Mosher explains it. “Lower gas prices are filling stockings with a little more cash to spend on travel this year as travelers are expected to pay the lowest prices since 2009.”
E-15 has run out of gas in Chicago–at least for now according to DNA Info.
E-15 is a motor fuel blend made up of 85% gasoline and 15% ethanol. Current ethanol blended fuels can have up to 10% of this fuel produced using corn.
Some Chicago City Council members wanted to legislate city gas stations into carrying the fuel but the proposal died in the Finance Committee on Monday.
The ordinance was proposed by Finance Committee Chairman Ed Burke and Ald. Anthony Beale. They brought in former U.S. General Wesley Clark and now Chairman of Growth Energy, a company which represents ethanol producers, to tout the benefits of E-15.
With spring finally in the air, gasoline prices in Chicago have been slowly creeping up as area refineries begin the process of switching over to summer gas blends.
As drivers are seeing at gas stations throughout the area, fuel prices have risen dramatically over the past month.
According to ChicagoGasPrices.com, the average cost per gallon of regular unleaded gasoline is about 30 cents higher than 30-days ago.
AAA Chicago says asprice averages began 2014 off relatively low due to less driving and decreased demand. But with area oil refineries kicking off their seasonal maintenance to prepare for producing the federally mandated summer blend gasoline, prices have jumped higher.
Seriously. Gerdes holds the Guinness record for being the most fuel efficient driver on the planet according to a recent writeup in the Chicago Tribune.
Gerdes runs the website CleanMPG, a website that teaches his techniques in “hypermiling” a term Gerdes coined and means beating the EPA in whatever vehicle you drive.
Here’s how the Tribune explains it:
Local motorists are in for a treat this Independence Day when they fill up their gas tank to head out of town.
“Gas prices have dropped pretty substantially over the last few weeks — as much as 40 to 50 cents a gallon in some areas,” said AAA spokesperson Beth Mosher. “The refinery issues that pushed prices higher this spring have been resolved. That’s what [is] causing these prices to drop.”
Production issues at area oil refineries combined with the switchover to the more expensive but more eco-friendly summer gas blend pushed Chicago’s gas prices to the highest in the nation this spring. But prices have moderated since then.
In the city, the average price of a gallon of regular unleaded is $4.14, according to the Fuel Gauge Report. ChicagoGasPrices.com shows an average price of $3.95 per gallon for the greater Chicago area.
Read more at DNA Info Chicago.