Rockford Gas Prices Spike Higher

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Gasoline prices in Rockford have risen 18.2 cents per gallon in the past week, averaging $2.62/gal. yesterday, according to GasBuddy.com, which surveys of 139 gas outlets in Rockford.

The Chicago-based fuel monitoring website says that compares with the national average that has increased just 2.4 cents per gallon in the last week to $2.38/gal.

The spike means that Rockford area motorists are spending a whopping 41.2 cents more per gallon than they were just one month ago, although prices are still nearly 20 cents lower per gallon then they were at this time last year.

“Gasoline prices have continued a mild run higher across much of the country, though in the Great Lakes, gas prices have been on a tear,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com in a news release. “In the last month, no one has seen close to the pain exhibited throughout the Midwest. Average gas prices in Michigan are up 50 cents in the last month, followed by Ohio, Indiana, Illinois and Wisconsin, who have seen a jump of over 30 cents in a month, largely at the hands of various refinery woes and insatiable demand for gasoline.”

“However,” DeHaan added, “as kinks are ironed out and production of gasoline ramps up, we expect gasoline prices to cool in the next few weeks in much of the country, barring any unforeseeable events.  We’re sticking by our January forecast that told of an average U.S. gas price of $2.41/gallon during the summer driving season.”

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