Tag Archives: Chicago gas prices

Gas Experts Predict Historically Low Summer Gas Prices

Graphic courtesy of GasBuddy.com.

Graphic courtesy of GasBuddy.com.

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.

Good News At The Gas Station: Chicago Gas Prices Still Falling

Chicago drivers are find they're paying the highest prices in the nation when they fill up their gas tanks.

Chicago drivers are continuing to find low prices at the gas pump.

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.

Gas Drops Below $2 Per Gallon At Some Suburban Stations

Chicago drivers are find they're paying the highest prices in the nation when they fill up their gas tanks.

Suburban drivers are seeing gas prices advertised for as little as $1.98 per gallon at a handful of gas stations.

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.

Merry Christmas Drivers: Chicago Gas Prices Hit Five Year Low

Gas-Pump-2Christmas has come early for the hundreds of thousands of drivers hitting the road for the holiday this week as gas station signs advertise prices at a five-year low.

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.”

Read more at DNA Info Chicago.

Gas Prices Steadily Climbing As Refineries Prepare For Summer

Gas prices in Chicago have risen above $4 per gallon in recent weeks.

Gas prices in Chicago have risen above $4 per gallon in recent weeks.

Gas prices are on the rise.

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.

Chicago Gas Prices Drop Just in Time for Fourth of July

Chicago drivers are seeing healthy declines in gas prices just in time for the Independence Day holiday.

Local motorists are in for a treat this Independence Day when they fill up their gas tank to head out of town.

Chicago gas prices have dropped dramatically in the last four weeks, by more than 50 cents a gallon since early June, according to ChicagoGasPrices.com and AAA’s Fuel Gauge Report.

“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.

Why Are Chicago Gas Prices So High? WBEZ Has Answers

WBEZ Radio reporter Michael Puente asks and answers the question, “Why are gas prices so high in Chicago?” with a video report.

It serves as a decent overview to that very frustrating question, which is essentially high gas taxes and the EPA mandate forcing area gas stations to sell the more expensive and allegedly lower polluting “summer blend” of gasoline.

Puente goes even more in-depth with his written report, “Why does Chicago still have such high gas prices?

Chicago Drivers Paying Highest Gas Prices In The Nation

A recent spike in fuel prices has Chicago drivers paying the highest gasoline prices in the U.S.

Both AAA Motor Club’s Fuel Gauge Report and GasBuddy.com, have given Chicago the dubious distinction of having the nation’s highest gas prices.

“Yes, Chicago is the top dog, number one, top of the heap for gas prices no matter if we like it or not,” said GasBuddy spokesperson Patrick DeHaan, who is based in the Windy City. “The highly coveted, most ridiculously high gas prices of the nation goes to…Chicago!”

Chicago drivers are find they're paying the highest prices in the nation when they fill up their gas tanks.

ChicagoGasPrices.com has Chicagoland pump prices pegged at an average $4.26 for a gallon of regular unleaded gasoline while AAA’s Fuel Gauge Report lists the average price within the city limits at a painful $4.36 per gallon. These prices are between $0.75 to $0.85 more per gallon than the national average.

AAA’s Beth Mosher said the Illinois also has bragging rights on the higest state average for gas in the U.S. at $3.95 per gallon.

Read more at DNA Info Chicago.

Chicago Gas Prices Come In Like A Lion, But Out Like A Lamb?

In like a lion, out like a lamb.

No, not March weather, but local gas prices.

According to AAA, Chicago area drivers are experiencing historically highest pump prices for the start of March–but relief is on the way.

“Gas prices rose almost every day last month,” says AAA spokesperson Beth Mosher. “We’re seeing some of the highest prices for March–ever.”

AAA’s Fuel Gauge Report shows city gas pumps sporting an average price of $4.22 for a gallon of regular unleaded. That’s up 26 cents a gallon higher than a month ago, and 60 cents a gallon more expensive than this January’s prices. February ended the month a quarter per gallon higher than last February–a potentially ominous sign considering fuel prices tend to peak in late March or early April.

Read more at DNA Info Chicago.

Chicago Gas Prices Jump In January

At gas pumps all over Chicago, local drivers are getting some ominous news–gas prices have jumped dramatically over the past month.

After enjoying four months of declining fuel prices and some of the lowest prices in the last few years, local gas prices have risen over 10% according to two websites which track area gas prices.

According to AAA’s Fuel Gauge Report, the average cost for a gallon of regular unleaded gasoline in the city has increased from $3.59 to $3.96 a gallon, a 37 cent bump. The price rose 25 cents just in the last week.

ChicagoGasPrices.com, which tracks pricing for the Chicago metro area,  has seen the cost of fuel rise 42 cents a gallon or a 12% increase the past 30 days. Local gas has gone from $3.44 to $3.86 a gallon in the past month and has risen 20 cents in the past week.