gas prices

When it comes to goods and services across America, prices for just about everything is at an all-time high.

Unless you ordered food yesterday after new surcharges were added by major food delivery companies (and went into effect), you may not have noticed a price increase.

Before this morning's announcement by President Biden that the United States would stop purchasing Russian oil, the national average for a gallon of gas was $4.06, which is 45 cents more than a week ago, 62 cents more than a month ago and $1.30 more than a year ago.

Because of the current conflict in Ukraine, oil prices are shooting up above $100 a barrel, which will, of course, mean much higher prices at the pump here in Illinois and throughout the country. Just looking at today's news shows that the price per barrel has risen $19.

So Russia invades Ukraine, which causes rising oil prices to surge even further, and makes it an almost certainty that Illinois' gas prices (along with the rest of the country) are about to really go up.

The national average price for a gallon of gas rose sharply last week to $3.48, which is four cents more than a week ago. Here in Rockford, that number is $3.60 per gallon, when last week we were at $3.52.

If you've always thought the weekend was the worst time to buy gas, you're wrong.

If you and the fam plan to do a bit of traveling Memorial Day weekend, prepare to pay a bit more than usual at the pump.

I've noticed that there a couple different types of people when it comes to filling up the car with gas. You've got the folks who pull into the nearest gas station, shove their credit card into the pump, fill up their tank, and move on.

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.