By Kevin Haas
Rock River Current
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ROCKFORD — Gas prices in the the city have fallen more than 7 cents per gallon in the past week to an average $3.36 per gallon, according to GasBuddy’s daily survey of 139 stations.
The per gallon price is nearly 11 cents per gallon lower than a month ago, but $1.27 higher than this time a year ago, according to GasBuddy.
The national average price of gasoline has fallen more than 5 cents per gallon in the last week, averaging $3.34 per gallon today. The national average is down nearly 7 cents per gallon in the past month and stands $1.19 higher than this time in 2020.
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“The downturn in average gas prices continued to gain momentum last week as oil prices remained at a hefty discount,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “This is largely due to continued anxiety over the omicron variant and because some countries have begun issuing lockdowns, keeping motorists in some countries from consuming as much fuel.”
Declines are expected to continue in the next week or two as stations sell through their higher-priced inventory before slowly lowering their prices, De Haan said.
“It’s not impossible given the conditions that price wars, where stations lower their price significantly, could emerge as stations now have considerable room to lower prices,” he said.
Historic gas prices | Dec. 6
Year | Rockford average | National Average
2020: $2.09 | $2.16
2019: $2.55 | $2.59
2018: $2.42 | $2.43
2017: $2.45 | $2.47
2016: $2.14 | $2.19
2015: $1.89 | $2.03
2014: $2.77 | $2.68
2013: $3.22 | $3.25
2012: $3.45 | $3.37
2011: $3.29 | $3.27
Source: GasBuddy