ROCKFORD, Ill. (WTVO) — Gas prices in the stateline dropped over the past week after weeks of increasing.
The local average is $3.58 per gallon, which is down nearly four cents from last week. The cheapest station was selling for $3.33, according to GasBuddy, while the most expensive was $3.79.
Experts said that concerns over recent failures of the U.S. and global banking system has put enough downward pressure on oil prices that residents saw a reprieve in rising gasoline prices in the national average last week.
However, they said that it might be temporary in nature and is unlikely to be a long-lasting trend.