News

Gas Prices Jump but Still Cheaper than Year Ago

Gas Prices Jump but Still Cheaper than Year Ago

Photo: Newsradio WTAX

The price of gasoline has been rising sharply in Illinois.

The statewide average is now $3.70, up 34 cents over the last month, according to the Triple-A Daily Fuel Gauge Report. Triple-A spokesman Beth Mosher says the increase is because the switch to the summer fuel formula is under way, and because the weather held down the price last month.

“It had an enormous effect about a month ago with low demand, supplies very, very plentiful. Now what we’re into really is not dependent on weather. It’s seasonal maintenance that refineries go through every single year to get ready for that switchover to the summer blend of gasoline,” she said.

The changeover reduces refinery capacity for a while, driving up the price, and when the summer formulation hits the market, it is a little more expensive than the winter blend.

The current price is still 16 cents cheaper than it was last year at this time.

Recent Headlines

in Local

Springfield School Board Opposed to Anti-Gay Conversion Therapy Measure

4-20-15 Springfield Public School Board

The Springfield Public School Board supports the idea of banning what's called "gay conversion therapy" in minors-- but they don't support the idea of telling lawmakers to ban it.

in Local

$2.7 Million Headed to Fight Illinois Veteran Homelessness, $56k to Springfield

homeless

$2.7 million in federal grants will go to housing hundreds of homeless veterans in Illinois.

in Local

Police Investigate Two Shootings in Grandview

policetape

The Sangamon County Sheriffs Department is helping Grandview Police Investigate two separate shooting incidents within hours of each other Sunday.

in Local

Sherman Mayor: Only Give Residents What They Want

sherman

The newly re-elected mayor of Sherman says economic development and growing the town will continue to be his top priority.

in Local

Wells Fargo Adding 100+ Jobs in Springfield

wells-fargo-logo

A resurgent mortgage industry means a major employer in Springfield is hiring again.