Gas prices see highest weekly increase in 12 years - Peoria-area News, Weather, Sports

Gas prices see highest weekly increase in 12 years

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Average gas prices across the country rose 25 cents over the past week, marking the largest weekly gas price increase since 2005.

“Thanks to Harvey shutting down an extensive amount of refining capacity, the national average gasoline price saw its largest weekly jump since Katrina hit the Gulf Coast in 2005 when the national average jumped 49 cents in a week. Every state has seen average gas prices rise and Texas saw shortages at hundreds of stations. It’s been one of the most challenging weeks faced in years,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.

The national average gas price is $2.64 a gallon. In Peoria and Bloomington, gas prices averaged $2.47 a gallon as of Tuesday. The highest gas price spike was in Delaware, which saw prices increase by an average of 42 cents. 

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