Missouri travelers through the holiday weekend were treated to falling gas prices.
The state’s average dropped 7.3 cents to $2.49 per gallon yesterday. The U.S. average decreased by 2.1 cents to $2.78 per gallon on Nov. 30, according to a GasBuddy.com news release.
Missouri ranked No. 1 this morning on
GasBuddy’s list of the lowest gas averages by state. With its $3.84 per gallon average, Hawaii held the least expensive average nationwide.
With the decreases through Nov. 30, the Missouri average dropped 35.2 cents from October and 47.1 cents from the end of November 2013. The U.S. average was down 21.8 cents from a month ago and 49.9 cents from a year ago.
In Missouri, the least expensive gas price was $2.23 per gallon, available at a filling station in Arnold, near St. Louis. A station in Cape Girardeau was selling the most expensive gas in the state at $3.19 per gallon, according to GasBuddy’s MissouriGasPrices.com.
Springfieldians could purchase gas at a low price point of $2.34 per gallon at Sam’s Club, 745 W. Camino Alto Drive. Prices elsewhere in the city ranged from $2.35 per gallon to $2.45 per gallon.
“Oil prices have been demolished in the last 72 hours as OPEC decided against a production cut, which will open the flood gates to even more gas price declines,” GasBuddy senior petroleum analyst Patrick DeHaan said in the release. “In my decade of watching oil and gasoline prices, I don't think I've seen as steep a decline in a 48-hour time frame as what we saw on Thanksgiving Day and into last Friday as OPEC put off any decrease in production.”
By Christmas, DeHaan predicts a 15-25 cent drop nationwide, which would bring the U.S. average down to the $2.50 range.
West Texas Intermediate crude oil dropped to $63.72 per barrel this morning, a new 52-week low. Light sweet crude oil futures for January were trading at $67.53 per barrel on the
New York Mercantile Exchange.[[In-content Ad]]
