The Car and Truck Fleet and Leasing Management Magazine

Midwest Gas Prices Drop an Average of 16 Cents a Gallon

December 16, 2002

According to the American Automobile Association (AAA) Chicago’s fuel gauge report on Dec. 12, 2002, gas prices throughout Illinois and northern Indiana have plummeted 16 cents a gallon in the last month. The average price of regular unleaded gasoline in Illinois averages $1.38 per gallon, which is 17 cents below gas prices this time last month. In northern Indiana, gas prices now average $1.26, which is a decline of 15 cents.

“Gas prices were kept at unseasonably high levels in October and November due to higher crude oil prices, which were caused by the uncertainty of war with Iraq,” said AAA Chicago spokesman Steve Nolan.

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John Lovato was one of the 46 founding members of NAFA, a member of The Round Table Group (a precursor to NAFA), and a former fleet manager with chemical manufacturing company American Cyanamid.

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