Illinois Gas Price Drops Below $3.00 for the First Time Since December 2010

We've been seeing in and around Rockford for a few weeks and now it's official: the Illinois average price of gas has dropped below $3.00 per gallon for the first time since December 4, 2010.

According to AAA that ends the longest streak ever above that price. Estimates are that lower gas prices are helping U.S. consumers save at least $250 million per day on gasoline compared to early summer.

Going back to the October numbers, self-serve regular unleaded gasoline averaged $3.16 per gallon, a decrease of $0.29 from September. Meanwhile, in McHenry County, self-serve regular unleaded gasoline averaged $3.27 per gallon, which is $.33 lower than last month’s average.

AAA anticipates gasoline prices may continue to drop in the near term, but it is possible that prices in many areas will begin to stabilize soon. Fuel prices are posted on-line here, where numbers update daily for unleaded, diesel and E85 blends of fuel.