Gas Prices Dip Below $3 Per Gallon in Glen Ellyn, State

For the first time since Dec. 4, 2010, the Illinois average price for gas dropped below $3 per gallon this past week, according to AAA.

Meanwhile, in Glen Ellyn, Gasbuddy.com listed gas prices for the past 24-hour period as low as $2.91 per gallon at the Mobil, 22W070 Butterfield Road, and $2.94 per gallon at the BP, 2S780 IL-53 (see more updated gas prices on gasbuddy.com).

AAA estimates that lower gas prices are helping U.S. consumers save at least $250 million per day on gasoline compared to early summer when the national average reached $3.68 per gallon.

“Consumers are experiencing ‘sticker delight’ as gas prices dropped below $3.00 in much of Illinois,” said Beth Mosher, director of public affairs for AAA Chicago. “Lower gas prices are a boon to the economy just in time for holiday travel and shopping.”

AAA anticipates gasoline prices may continue to drop in the near term, but it is possible that prices in many areas will begin to stabilize soon.

Unless there are unexpected developments, gasoline should remain relatively inexpensive this winter due to lower demand and typical seasonal trends. By spring, higher gas prices may return due to refinery maintenance, increased demand and a return to summer-blend gasoline.

“Paying less than $3.00 for gas is a welcome holiday gift that may not last nearly as long as many would hope,” continued Mosher. “It is possible that lower gas prices will soon be a faded memory, so enjoy it while you can. The days of paying more than $3.00 per gallon for gas have regrettably not gone away.”

Source: AAA Chicago