Rockford gas prices continue to drop with the national average for 7th straight week

By Mary Sisk
Rock River Current
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ROCKFORD — Gas prices continue to drop in the city, falling more than 23 cents per gallon in the last week, according to GasBuddy’s survey of 139 stations in Rockford.

The average price of gas in Rockford stands at $4.40, about 75 cents per gallon lower than a month ago but still $1.11 more than a year ago.

“We continue to see average gas prices falling in every state, with the national average down for the seventh straight week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Even better, nearly 20 states have also seen their average decline to $3.99 or less, with over 70,000 stations now at that level or below.”

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The cheapest station in Rockford was priced at $3.79, and the most expensive was $5.29, according to GasBuddy price reports.

Gas prices are dropping nationally as well with the average being $4.17, which is 15.9 cents less than last week.

“The outlook is for a continued drop in most areas, however, some supply tightness in areas of the Northeastern U.S. could push prices up slightly until inventories rise, or imports do,” De Haan said. “For now, Americans are seeing prices nearly 90 cents lower than their mid-June peak and are spending close to $330 million less on gasoline every day as a result. As long as oil prices hold at these levels or lower, we’ll see another decline in most areas this week.”

On Monday, the lowest priced gas found in the state was $3.64 per gallon, similar to Madison’s average price of $3.77 per gallon.

August 1 gas prices | 10-year history

Year | Rockford average per gallon | national average

2021 | $3.29 | $3.16
2020 | $2.24 | $2.18
2019 | $2.78 | $2.72
2018 | $2.82 | $2.87
2017 | $2.30 | $2.32
2016 | $2.00 | $2.12
2015 | $2.57 | $2.65
2014 | $3.44 | $3.51
2013 | $3.62 | $3.62
2012 | $3.65 | $3.52

Source: GasBuddy

This article is by Mary Sisk. Email her at msisk@rockrivercurrent.com or follow her on Instagram at @maryrrcurrent