gas prices

"School buses" by Flickr User JohnPickenPhoto / (CC BY 2.0)

The Rockford School District could save more than $1 million on fuel to run its buses this year.

Officials say the cost of diesel fuel has dropped to its lowest point in 11 years.

The district budgeted $2.1 million for fuel this year but has only spent $503,000. The final tab is likely to fall below $1 million.

The Rockford Register-Star reports district officials are eyeing the purchase of used buses to upgrade its fleet.

Carl Nelson/WNIJ

The average price of regular unleaded in Illinois is up 12 cents since last week, to $1.69 a gallon. But it’s still 68 cents cheaper than this time last year, according to AAA's Daily Fuel Gauge Report. 

The cheapest gas in the state, on average, is in Champaign-Urbana, where the price dropped by about four cents since last week. The priciest, as usual, is in Chicago, where gas is still hovering under the $2.00 mark, at $1.91.

Gas Prices May Be Close To Bottoming Out

Dec 30, 2014
Flickr user Luca Volpi / "Gasoline" (CC BY 2.0)

The price of a gallon of Regular-grade gasoline is now below the $2 mark at many gas stations in downstate Illinois. 

Analyst Patrick DeHaan, with GasBuddy.com, thinks those prices may be within five or ten cents of bottoming out. He says prices should start rising in January or February, when oil refineries cut back production for seasonal maintenance and retooling.

But DeHaan predicts gas prices in 2015 will stay lower overall than the year before.

Gas prices surge in northern Illinois

Aug 3, 2012

There's been a nationwide uptick in gas prices. But prices across the northern Illinois region have surged by nearly 20 cents over the past week.