Gas prices: Chicago-area drivers feeling pain of skyrocketing gas prices; oil reaches $126, highest price in 4 years

CHICAGO (WLS) — Gas prices are hitting wallets hard. According to Gas Buddy, Illinois has seen a 39-cent jump per gallon over the past week, while Indiana experienced an even sharper increase of 84 cents.

In Indiana, AAA reports the average cost for a gallon of gas is now $4.41. In Illinois, the price is even steeper at $4.66 for regular unleaded, with Chicago drivers facing prices exceeding $5.

While tensions in the Middle East contribute to the surge, they aren’t the sole reason for rising fuel costs.

ABC7 Chicago is now streaming 24/7. Click here to watch

Drivers are feeling the financial strain as filling up becomes more costly. Even Illinois residents crossing into Indiana for cheaper gas are finding prices higher than expected, with no immediate relief in sight.

In Chicago, motorists are feeling the pinch, as refueling can sometimes cost over $100. The impact on budgets is significant.

“Absolutely,” said Julie Albert, a driver from the suburbs. “Whenever I need to fill up in the city, it’s noticeably more expensive compared to the suburbs.”

According to Gas Buddy, the war with Iran keeping the Straight of Hormuz closed, along with a weekend power loss at BP’s refinery in Whiting, Indiana, are among the reasons behind the spike at the pump in the last week in Illinois and Indiana.

“Just any way you slice it, pressure from every single side, on the refining side, on the oil side, you know, for motorists it may be more of a buckle up and hang on for dear life,” said Patrick De Haan, Gas Buddy Chief of Petroleum Analysis. “You know, prices certainly could hit records if this does not ease anytime soon.”

De Haan says gas hasn’t been this high since July of 2022. Even drivers crossing the border to Indiana in search of lower prices are surprised. Gas there jumped more than 80 cents a gallon in the last week.

“I actually was shocked as I was driving down this road here I was is, this is usually a good place to fill up,” regional salesman Angelo Gelfuso said. “And it’s, it’s obviously shot up significantly.”

RELATED | Oil briefly touches $126, its highest price in four years

“I only put $30 in,” Illinois driver Gaylon Lewis said. “I don’t let it get that low because, then it costs me 100 bucks.”

Some Illinois Republicans are calling on Governor JB Pritzker to suspend the sales tax increase on gas set to take effect in July.

“I really believe that it’s worthy of contemplation, but that is not something that you know, we have front and center here,” Pritzker said. “We’ve got a whole bunch of issues, including reducing the cost of housing in the state.”

Higher gas prices also seen as a threat to the broader economy.

“The US economy runs on diesel from trains to tractors downstate to the trucks that deliver that food to the market,” De Haan said. “We are going to see a vast impact. If diesel prices remain elevated, we certainly will likely see inflation reaccelerate.”

If gas prices remain high, it could change at least some people’s minds about summer travel. Or they might just have to spend more for their vacations than they had planned.

Copyright © 2026 WLS-TV. All Rights Reserved.

You May Also Like

Six Flags Goliath ride was shut down for maintenance just hours before teacher's fatal fall: witnesses

Six Flags Goliath Had Maintenance Before Teacher’s Fatal Fall

ATLANTA — The Goliath roller coaster at Six Flags Over Georgia had…
Rape reported at University of Chicago frat party — as bros cheered on attack, asked 'when's my turn': witness

Rape Reported at University of Chicago Frat Party as Witness Says Brothers Cheered

A 21-year-old woman has reported an alleged sexual assault inside a University…
Mystery woman sought after American found dead in Costa Rican tourist destination

Police Seek Mystery Woman After American Found Dead in Costa Rica

Authorities in Costa Rica are asking for the public’s assistance in locating…
Sean Gardner handed 90-year prison sentence for secretly recording young gymnasts undressing

Sean Gardner Jailed 90 Years for Secretly Filming Young Gymnasts

A former high-profile youth gymnastics coach was sentenced Wednesday to 90 years…
Mamdani admits he didn't watch NY gov debate — but accuses Blakeman of 'bigotry and racism'

NYC Mayor Candidate Mamdani Missed NY Debate, Calls Blakeman Racist

New York City Mayor Zohran Mamdani accused Republican gubernatorial candidate Bruce Blakeman…
Hilary Swank, 52, expecting her 3rd child

Hilary Swank, 52, Expecting Her Third Child

Hilary Swank is preparing to welcome her third child. The Oscar-winning actress,…
Oakbrook center shooting: Chicago woman Chance Jamerson charged in armed robbery; no murder charges in death of Justin Hill

Oakbrook Center Shooting: Chicago Woman Charged in Armed Robbery, Not Justin Hill’s Death

OAK BROOK, Ill. () — A DuPage County judge on Tuesday denied…
Top U.S. banks dropped customers over political and religious views, regulator says

Regulator: U.S. Banks Dropped Clients Over Political, Religious Views

Some of the largest banks in the United States “debanked” customers because…
Pope Leo diagnosed with lung cancer after surgeons remove part of right lung, Vatican says

Vatican Says Pope Leo Diagnosed With Lung Cancer After Partial Right Lung Removal

Pope Leo XIV underwent a procedure Tuesday at Agostino Gemelli University Hospital…
Pete Hegseth cheekily responds to anti-Iran war protesters who heckled him at Army conference

US Defense Secretary Pete Hegseth Quips at Anti-Iran Protesters

War Secretary Pete Hegseth faced repeated disruptions Wednesday during his headline appearance…
Copper theft suspect's desperate escape caught on bodycam video before deputies discover what he left behind

Copper Theft Suspect’s Escape Captured on Bodycam as Deputies Find Evidence Left Behind

An Oklahoma man accused of stealing copper made a dramatic escape by…
‘Bonnie and Clyde’ illegal immigrant couple accused of brazen jewelry theft spree across four states

‘Bonnie and Clyde’ Couple Accused in Four-State Jewelry Theft Spree

Federal authorities have dubbed a Romanian couple “Bonnie and Clyde,” alleging the…