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Gas Prices Keep Falling In Missouri

Gas Prices Keep Falling In Missouri

Gas Prices Keep Falling In Missouri

FILE PUMP: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Brent crude hit a new four-year low on Wednesday before recovering to just under $85 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply. Oil saw its biggest daily fall in more than three years on Tuesday after the West's energy watchdog slashed its forecasts for world oil demand for this year and 2015. Picture taken October 14, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: ENERGY BUSINESS)

(KTTS News) — AAA Missouri says gas prices have fallen across Missouri.

The average price in Springfield is $3.23 gallon, down from $3.34 gallon last week.

The statewide average price is $3.22 a gallon for unleaded, down ten cents from last week, but still 15 cents higher than this time last year.

Drivers in Jefferson City are paying the most at $3.44 gallon, while drivers in St. Louis, Missouri, are paying the least at $3.09 gallon.

AAA Missouri spokesperson Nick Chabarria says as the holidays approach, “drivers in some areas could see local station prices below $2 per gallon – a price not seen since January 2022.”

Press Release

The statewide gas price average in Missouri is $3.22 for a gallon of regular unleaded fuel, according to the AAA Missouri Weekend Gas Watch.

That price is ten cents less compared to this day last week and is 15 cents more per gallon compared to this day last year.

Of the major metropolitan areas surveyed in Missouri, drivers in Jefferson City are paying the most on average at $3.44 while drivers in St. Louis (MO only) are paying the least at $3.09 per gallon.

The national average price for a gallon of regular unleaded is $3.64, which is twelve cents less compared to this day last week and 23 cents more than the price per gallon at this same time last year, according to AAA Gas Prices.

As Thanksgiving travel ramps up, the Missouri statewide gas price average fell to its lowest level since February, according to AAA historical gas price data.

That will likely be welcome news for the 48.7 million Americans that AAA expects will to drive 50 miles or more for leisure this Thanksgiving holiday.

Market analysts attribute falling pump prices to sinking oil prices, with West Texas Intermediate crude (WTI) currently near/below $80 a barrel for the first time since the beginning of the year.

“Drivers hitting the road for Thanksgiving will be met with some of the lowest gas prices of the year.” said AAA spokesperson Nick Chabarria. “

As the holiday approaches, drivers in some areas could see local station prices below $2 per gallon – a price not seen since January 2022.”

Drivers in Missouri are paying the 10th lowest gas price average in the country, according to gasprices.aaa.com.

Meanwhile, drivers in California are the paying the most at $5.20 on average for a gallon of regular unleaded.

 

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