(KTTS News) — For the third straight week, gas prices have dropped across the state.
AAA Missouri says falling crude oil prices, along with the shift to a winter-blend of gasoline, is sending gas prices lower.
The average price this week in Springfield is $3.31 a gallon, down 18 cents from last week.
Joplin has the cheapest price in the state at $3.29 a gallon.
Drivers in Missouri are paying an average of $3.45 a gallon, the 14th lowest price in the country.
Arkansas is the 9th lowest at $3.33 a gallon.
The national average price for a gallon of unleaded is $3.77 a gallon.
That’s down six cents from this time last week.
Press Release
The statewide gas price average in Missouri is $3.45 for a gallon of regular unleaded fuel, according to the AAA Missouri Weekend Gas Watch.
That price is 10 cents less compared to this day last week and is five 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 $3.57 while drivers in Joplin are paying the least at $3.29 per gallon.
The national average price for a gallon of regular unleaded is $3.77, which is six cents less compared to this day last week and six cents less than the price per gallon at this same time last year, according to AAA Gas Prices.
For the third consecutive week, the average gas price across the state has dropped.
Recent data from the Energy Information Administration (EIA) reveals that there has been a notable decrease in gasoline demand.
On Wednesday, the price of crude oil plummeted by more than $5 per barrel.
It’s important to note that crude oil is the primary component of gasoline.
If crude oil prices remain lower, it is likely that retail fuel prices will continue to decrease.
Additionally, the current shift to winter-blend gasoline will further contribute to lowering pump prices.
“Reduced fuel demand, falling crude oil prices, and the transition to cheaper winter-blend gasoline are all factors pushing down retail gasoline prices,” said AAA Spokesperson Nick Chabarria. “With the arrival of cooler weather, we want to remind drivers that October is National Car Care Month. Maintaining a healthy vehicle not only lowers the risk of breakdowns but is also crucial for maximizing fuel efficiency.”
Drivers in Missouri are paying the 14th lowest gas price average in the country, according to gasprices.aaa.com.
