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Show-Me State gas average drops

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Missouri's average retail gas price dropped 4.3 cents during the past week to $3.36 per gallon yesterday.

Comparatively, the national average decreased 3.3 cents to $3.57 per gallon yesterday, according to a GasBuddy.com news release.

During the past month, Missouri's average fell by 14.8 cents. Prices yesterday also were 21.3 cents lower than a year ago. The national average decreased 10.7 cents during the past month and dropped 10.4 cents during the past year.

"As expected, motorists continue to see average gasoline prices falling across much of the United States," said Patrick DeHaan, GasBuddy.com senior petroleum analyst, in the release. "While the chorus is loud, some states in the Great Lakes did see a price jump last week, and as crazy as it sounds, it was due to retail prices falling faster than wholesale prices, likely spurred on by intense competition as prices dropped."

On GasBuddy's list of the lowest averages in the nation, Missouri ranked seventh this morning. South Carolina held the top spot with an average of $3.28 per gallon, while Hawaii, at $4.34 per gallon, was at the bottom.

In Missouri, the lowest price this morning was $3.12 per gallon, available at two filing stations in Columbia. At $4.09 per gallon, the highest price in the state was selling at a station in Ladue, according to MissouriGasPrices.com.

Springfieldians could purchase gas at a citywide low price of $3.17 per gallon at Conoco, 1402 E. Republic Road. Other stations ranged from $3.20 per gallon to $3.22 per gallon.

West Texas Intermediate crude oil was trading at $103.13 per barrel as of 10:05 a.m., compared to $100.83 per barrel a week ago. Light sweet crude oil futures for August were trading at $103.75 per barrel on the New York Mercantile Exchange.[[In-content Ad]]

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