Chicago Gas Prices on the Slide

Month-to-month gas prices in the Chicago area are down for the first time since October

By Kayla Stoner
|  Wednesday, Aug 17, 2011  |  Updated 10:17 AM CDT
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Chicago Gas Prices on the Slide

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Month-to-month gas prices in the Chicago area are down for the first time since October 2010, according to reports from AAA Chicago Motor Club.

More good news: Analysts predict the trend to continue through the summer.
 
The average gas price in Cook County is down 22 cents from last month, according to the Chicago Sun-Times, but at $4.28, it is more than $1 higher than last year.

Still, experts predict prices could fall to $3.50 per gallon by October.
 
A look at local price fluctuations:
 
Cook County:
  --August 2011: $4.28
  --May 2011: $4.50
  --August 2010: $3.00
 
DuPage County:
  --August 2011: $4.09
  --May 2011: $4.37
  --August 2010: $2.81
 
Lake County, Ill.:
  --August 2011: $4.09
  --May 2011: $4.37
  --August 2010: $2.88
 
Will County:
  --August 2011: $4.06
  --May 2011: $4.35
  --August 2010: $2.84
 
Lake County, Ind.:
  --August 2011: $3.88
  --May 2011: $4.17
  --August 2010: $2.70

Chicago gas prices set a record high in May, topping the last record set at $4.303 in 2008.

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