ROCKFORD, Ill. (WTVO) — Illinois’ average gas price has surged to $4.06, rising 95.7 cents from the previous month and placing Illinois in GasBuddy’s red category for retail fuel cost.
Around 11:00 am Thursday, GasBuddy’s real-time tracker showed the Rockford area is facing gas prices above $4 per gallon at many stations, making a noticeable jump.
This comes as the war in Iran continues into its third week, which experts say is a major driver of market instability. NPR Illinois reports that this conflict has caused the worst oil disruption in decades, as reduced shipping traffic through the Strait of Hormuz, a waterway passage that typically handles 20% of the world’s oil supply, continues to decline…