7am News, Sports and Obits
Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
AAA: Gas Prices For December Continued to Fall
The price for a gallon of gas in Illinois continues to tumble.

The last time gas prices were as low as they are now was five years ago in January 2004 when the average price of a gallon of gas was $1.65. Last year at this time, the average price of a gallon of gas in the state was 3-dollars and one cent.

AAA Chicago Motor Club spokesman Beth Mosher says prices haven't reached bottom yet. She expects prices to continue to fall into the new year. The big reasons are the price of crude oil, dropping from $147 a barrel in the summer to $43 now. Mosher says the public knows that the price of gasoline is subject to wild fluctuations.

"Prices are low, at least for the time being," Mosher said. "But they (the public) know that gas prices are very volatile. We pay $1.75 one day, and the next week or the next month, we could be paying over $2. We just never know."

Mosher says even though the price of gasoline is down sharply in recent months, demand remains low because people still find it necessary to conserve.

After a drop last month of $1.04, gas prices in Illinois fell another 60 cents this month, reaching a December statewide average of $1.66, according to AAA.

An unofficial survey of Galesburg gas stations has an average price of nearly $1.71 as of Christmas Eve.
12 25 08 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.