The price of gas is plummeting in Illinois. It’s down 39 cents over the last month to a statewide average of $3.04, according to the AAA Fuel Gauge Report. AAA spokesman Beth Mosher says low demand is a factor, but not the only one. “It’s more than that. We have ample supply coming out of the summer, less demand, we switched over to that winter blend of gasoline, which is cheaper, but then oil prices are very, very low as well,” she said.
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Crude oil was selling Tuesday for $82.46 a barrel, a four-year low. Mosher says much of Illinois is seeing prices below $3, and prices should continue to fall for the rest of the year. The current price is cheaper than last year at this time by 27 cents.