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Expert: Gas prices ‘likely won’t change much’ by the 4th of July

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ROCKFORD (WREX) — It might be a while before we start to see gas prices drop in the Stateline.

According to GasBuddy, prices aren't expected to change too much before the 4th of July holiday.

"Our current gas prices likely won't change much by July 4, but remain stubbornly high, barring any major curveballs to supply and demand," Patrick DeHaan, head of petroleum analysis for GasBuddy, said.

This forecast comes a couple of weeks after experts suggested prices would begin to fall.

Part of the reason for the continued high prices? More people hitting the road and causing a higher demand.

"According to GasBuddy data, gasoline demand last week eclipsed the prior week, when millions of Americans were gearing up for Memorial Day travel, not an easy feat, but highlights that economic conditions are ripe for continued growth in demand, contributing to prices holding at high levels," DeHaan said.

In Rockford, prices fell a little over one cent in the past week. The average price of gas in Rockford is $3.10/g, according to GasBuddy. The national average price of gas is currently $3.04/g.

Here's a look at where Rockford has compared to the national average price of gas recently:

  • June 7, 2020: $2.17/g (U.S. Average: $2.02/g)
  • June 7, 2019: $2.80/g (U.S. Average: $2.75/g)
  • June 7, 2018: $2.90/g (U.S. Average: $2.94/g)
  • June 7, 2017: $2.32/g (U.S. Average: $2.35/g)
  • June 7, 2016: $2.44/g (U.S. Average: $2.36/g)
  • June 7, 2015: $2.72/g (U.S. Average: $2.76/g)
  • June 7, 2014: $3.77/g (U.S. Average: $3.66/g)
  • June 7, 2013: $4.11/g (U.S. Average: $3.64/g)
  • June 7, 2012: $3.59/g (U.S. Average: $3.56/g)
  • June 7, 2011: $4.02/g (U.S. Average: $3.76/g)
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Andrew Carrigan

Andy Carrigan is the Social Media & Digital Content Manager at WREX. He joined the 13 WREX team as a photographer in 2016 after graduating from Northern Illinois University.

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