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Gas Prices Continue to Edge Up for Summer Travel Season

Analyst with industry website GasBuddy.com believes prices this high cannot last.
Rockford -- Average retail gasoline prices in Rockford have risen 9.3 cents per gallon in the past week, averaging $3.71/gal. Sunday, according to Chicago-based GasBuddy.com.

Its survey of 139 gas outlets in Rockford found prices here now outpace the national average of $3.64/gal., which are up just over a penny week-to-week.

GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says Rockford is one of the "... areas of the Great Lakes where prices last week shot within just a tenth of a penny of four dollars per gallon. While that has led Great Lakes and Midwest markets higher, I don't believe the higher prices are sustainable much longer. In many areas that saw large jumps last week we're already seeing relief. For the rest of the country, this week will likely feature little movement as wholesale gasoline prices continue in their funk and as we await the "traditional" decline of wholesale prices to start the summer driving season," DeHaan said.

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