It appears that all the COVID-19 lockdowns happening around the globe have had a side benefit to consumers. Crude oil prices have dropped to their lowest numbers since June.
For the 5th straight week, the national average price of gasoline has risen, posting a gain of 0.7 cents over the last week to $1.97 per gallon. Here in Rockford, it's different.
The last time the national gas price average leading into the holiday was under $2/gallon was 17 years ago in 2003. That year motorists paid, on average, $1.50 to fill-up.
Today’s national gas price average is $1.92. That is nine cents cheaper than last Monday, 48 cents less than a month ago and 81 cents less expensive than a year ago.
The average gas price has dipped below $2 a gallon, according to both the American Automobile Association (AAA) and the website GasBuddy, which track gas prices.
Gas prices for the holiday weekend are lining up to be the lowest in 2-3 years. But...there are still a number of factors that could push prices higher before the holiday.