Gasoline prices flatten after long decline
Average gasoline prices in Burlington have fallen 8.0 cents per gallon in the last week, averaging $3.30/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 13.7 cents per gallon lower than a month ago and stand 53.7 cents per gallon lower than a year ago.
Gas prices are going down
So, during slow travel periods, gas is lower, but when many people are traveling around on the holidays or in the summer, it goes up in price. “It’s, you know, it fluctuates, but for most part, it’s been pretty decent compared to a lot of places,” Rashid Fathi said.
Rockford-area gas prices have fallen 34 cents in the last month
While gas prices in Illinois have fallen below the national average of $3.15 a gallon, prices in Rockford, while lower than a week ago, average $3.30. According to GasBuddy, a gallon of gas in the Rockford area now costs 34.
Why are gas prices falling?
That means gas prices often drop when we switch over to winter gas. There has also been a big price drop in the cost of crude oil. That has been driven by concerns about weakening demand from China and expectations of an oil oversupply.
Gas prices decrease slightly heading into the weekend
Gas prices dropped slightly on Friday, with the national average for a gallon of regular gas coming in at $3.22, according to AAA. On Thursday, the average price for a gallon of regular gas was $3.224.
Wisconsin gas prices decrease as fall arrives, but why is that?
Therefore, the demand for gas is less, according to Patrick Dehaan, head of petroleum analysis at GasBuddy. "What happens is that over the course of the summer, with demand being relatively weak, supply in pure gasoline built up to pretty adequate levels.
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