Gasoline Prices in Ogle County and Illinois
GasBuddy data show the average reported price for regular gasoline across cities in Ogle County was $3.16 per gallon for the week ending Aug. 16. Of 39 stations reporting prices in those cities, 29 listed regular gas availability.
Statewide Average Gas Prices
Across Illinois, the reported average for regular gasoline stood at $3.40 per gallon, up from $3.37 the previous week.
Factors Influencing Pump Prices
U.S. drivers have seen wide swings in pump prices in recent years as supply disruptions, changing demand, and geopolitical tensions affect markets. Russia’s war in Ukraine and related sanctions—including recent U.S. measures targeting Russian tankers—have tightened global oil supplies, contributing to higher fuel costs.
Lingering pandemic impacts and seasonal travel surges have also produced local price differences, with retail rates ranging from the low $3s to above $4 per gallon in some areas. The U.S. Energy Information Administration’s Short-Term Energy Outlook states that global oil markets are slowly stabilizing as supply chains recover and domestic output rises, although seasonal dema...