The Chicago Tribune reports that gasoline prices are up because the storms that raked the South temporarily shut down seven refineries.
May 3, 2011, the Chicago Tribune had a short story about metropolitan area gasoline prices being higher than ever before.
$4.35 during last week.
It was $4.30 a gallon during July 7, 2006.
As things would have it, I again drove to Belvidere on Monday.
Citgo was charging $4.45 per gallon in Crystal Lake on May 1, 2011.
The price at the Citgo station where the little McDonald’s is located at the northwest corner of Route 14 and Route 176 bore a price of $4.45 per gallon for regular gas.
In Belvider the price was thirty cents per gallon cheaper than in Crystal Lake on Monday.
In Belvidere, the price was 30 cents a gallon cheaper at the Road Ranger station.
As one reader noted last week, Crystal Lake’s gasoline may now be have the EPA-required summer formula to burn cleaner, while Rockford’s does not.
Also a factor is the one percent
- Crystal Lake now-1% Home Rule sales tax,
- McHenry County’s four cent a gallon Motor Fuel Tax and
- the now-0.75% RTA gas tax.
Boone County taxpayers are not stuck with paying those.
I saw $4.53/gal. in Chicago on Sunday.
Just got it in Walworth WI for 4.09
United States Department of Energy
Office of Energy Efficiency & Renewal Energy
Fact # 915
March 7, 2016
Average Historical Annual Gasoline Pump Price, 1929 – 2015
When adjusted for inflation, the average annual price of gasoline has fluctuated greatly, and has recently experienced sharp increases and decreases.
The effect of the U.S. embargo of oil from Iran can be seen in the early 1980’s with the price of gasoline peaking in 1982.
From 2002 to 2008 the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession.
In 2012, prices reached the highest level in the eighty-year series in both current and constant dollars, but began a steep decline thereafter.
In constant dollar terms, the price of gasoline in 2015 was only seven cents higher than in 1929.”
energy.gov/eere/vehicles/fact-915-march-7-2016-average-historical-annual-gasoline-pump-price-1929-2015
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CBS 2 Chicago
Chicago Gas Prices Hit Highest Level in History
March 27, 2012
“Prices were averaging $4.67 per gallon Tuesday morning in the city, and $4.51 in the metro area.”
chicago.cbslocal.com/2012/03/27/chicago-gas-prices-hit-highest-level-in-history