After rising for weeks, Rockford gas prices drop slightly - – Rockford’s News Leader

After rising for weeks, Rockford gas prices drop slightly


After several consecutive weeks of rising gas prices, the Rockford area saw a slight bit of relief last week.

Prices dropped four cents per gallon last week, reaching an average price of $3.87 on Sunday. Sunday's price was 19.9 cents higher than the same day one year ago and 48.1 cents higher than just one month ago.

Nationally, the price rose 2.9 cents to $3.72 cents per gallon. That price is 9.1 cents higher than one year ago and 42 cents higher than one month ago.

"The streak is over," Senior Petroleum Analyst Patrick DeHaan said. "GasBuddy data showed the national average rising for 32 consecutive days- starting January 20 at $3.265/gal, and ending February 21 at $3.733/gal. The tide has now turned and the national average has dropped two days straight. This is certainly excellent news for disillusioned motorists- but I would caution them not to get overly thrilled as prices may linger near these levels for some time."

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