Will County Gas Stations Offer Cheapest E85 Fuel at $2.78 per Gallon in Late July

A recent report indicates that among gas stations across Will County, one location offered the most affordable E85 fuel during the week ending July 26, with an average price of $2.78 per gallon. Out of 220 stations in the area, 27 provide E85 fuel options. The statewide average for E85 remained steady at $2.80 per gallon, consistent with the prior week. In the broader U.S., gasoline prices have experienced significant fluctuations in recent years, influenced by supply chain disruptions, fluctuating demand, and geopolitical tensions. Notably, conflicts such as Russia's invasion of Ukraine, coupled with sanctions imposed by the U.S. and EU on Russian energy exports, have contributed to rising costs. These geopolitical factors, along with pandemic-related effects and seasonal travel demands, have caused local prices to range from the low $3s to over $4 per gallon. According to the U.S. Energy Information Administration's Short-Term Energy Outlook, global oil markets are gradually stabilizing as supply chains recover and domestic production increases. Although seasonal demand can still cause temporary price spikes, improved inventories and production levels are expected to moderate t...