Rockford gas prices offer slight relief at pump - WREX.com – Rockford’s News Leader

Rockford gas prices offer slight relief at pump

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ROCKFORD (WREX) -

After several weeks of rising prices, the price at Rockford pumps gave slightly last week, according to GasBuddy.com.

The company's daily survey of 139 local retailers showed a 3.2 cent drop in prices, which reached an average of $3.65 on Sunday. That price was 6.9 cents lower than last year, but 15.1 cents higher than last month.

Nationally, prices stayed stagnant at $3.51 per gallon, 13 cents lower than last year, but 10.2 cents higher than last month.

"As I expected, the panic at the pump slowed considerably in the last week, with the national barely grinding out an increase in the last week," Senior Petroleum Analyst Patrick DeHaan said. "A cooling in oil prices during the previous week heavily influenced last week's quieter increase."

DeHaan added, "While oil prices haven't moved much higher, we are starting to see more chatter about refinery incidents as more of them finish maintenance and get back online, and this can lead to spikes in gasoline prices if several refineries seeunexpected outages or longer than normal return to production times, somotorists should be vigilant that while I don't expect prices across the nationto spike significantly, it's a risk that's on the table."

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