Gas Price Climb Slows During Market Uncertainty

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(Undated) – For the first time in almost three months the national average price of gasoline has fallen. According to GasBuddy.com, the national average has seen a slight drop from a week ago to $2.86 a gallon. Head of Petroleum Analysis for GasBuddy, Patrick DeHann, says while gasoline demand last week rose to its highest level since the pandemic began, concerns that oil demand growth will stall are eroding oil’s recent rise. He says while gas prices still rose in a majority of states last week, we may see some short-lived decline in gas prices soon. However, DeHann says it’ll be a bumpy road the next few weeks and we will likely experience more upward momentum ahead of Memorial Day. The statewide average in Illinois is $3.01 a gallon. It’s $2.68 in Indiana.