The price of gasoline has plummeted in Illinois over the last month. It fell 28 cents from September to October, according to the monthly survey released Monday by the Triple-A Chicago Motor Club, to stand at a statewide average of $3.49. Triple-A spokesman Beth Mosher says some of that is just because demand is lower and we use a cheaper blend of fuel in the fall than in the summer, but there are other factors:
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“We’re seeing more stability, both in the global economy, certainly some stability in some oil-rich nations in the Middle East,” she said. Crude oil is trading at around $95 a barrel. The current price of gasoline is still 58 cents higher than it was last year at this time.