The price of gas has dropped 23 cents in Illinois over the last month. The statewide average is now $2.83, down from $3.06 last month, according to the AAA Fuel Gauge Report. Gas hasn’t been this cheap in at least four years. AAA spokesman Beth Mosher explains the decline: “Cause continues to be high supply coupled with low demand, low oil prices as well,” she said.
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Oil had been priced at $110 a barrel in the spring. Now it’s around $70. The price of gas is expected to stay down for a while, because OPEC nations declined to cut oil production. The Illinois average price last December was $3.28. Mosher says some people are driving more, but many drivers are pocketing the savings.