Gas hits $4.03 a gallon in Illinois

The price of gas is fast approaching the $4 a gallon level nationwide. Already in the state of Illinois, average gas prices even went beyond that psychological level — hitting $4.03 for a gallon of go-juice.

Aside from Illinois, three other states already have gas prices above $4 — California, Alaska and Hawaii.

Across the U.S., the national average as of Tuesday was $3.79 per gallon, which is up 23% from January. The Energy Information Administration in its April short-term energy outlook, warned there is a 33% chance that the national average would reach $4 in July.

The peak of regular gas price was on July 17, 2008 at $4.11, according to the Oil Price Information Service.

We're already stockpiling petrol here at the Jalopnik bunker.