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MO gas average nears $3 per gallon

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Missouri's average retail gasoline prices dropped 3.8 cents during the week of Nov. 21-27, averaging $3.03 per gallon yesterday. Nationally, prices fell 4.1 cents during the week to an average of $3.32 per gallon.

"The national average in the U.S. is at its lowest since Feb. 25 but remains at record highs for this time of year," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a news release. "While the downtrend in gasoline prices has certainly been welcome news for motorists, I see the trend short lived, and believe we may see continued volatility in the days ahead."

Missouri's gas average yesterday was 17.6 cents lower than a month ago but 43.8 cents higher than a year ago, while the national average has seen a 14.4-cent drop in the last month and a rise of 46.3 cents per gallon in the last year.

Missouri held the No. 2 spot this morning in GasBuddy.com's list of lowest gas averages by state, falling behind top-ranked New Mexico. Finishing the top 10 was South Carolina, Oklahoma, Texas, Tennessee, Ohio, Louisiana, Mississippi and Kansas.

As of 9:02 a.m., the least expensive gas in Missouri was available for $2.89 per gallon at four stations in Fredericktown and one in Excelsior Springs. The priciest gas, $3.29 per gallon, was selling at two stations in Branson: Shell, 3200 Green Mountain Drive, and Conoco, 432 Missouri 248.

For Springfieldians, the lowest price for gas could be found at Sam's Club, 745 W. El Camino Alto Drive, for $2.96 per gallon, according to MissouriGasPrices.com.

West Texas Intermediate crude oil was trading at $99.20 per barrel as of 9:08 a.m., about $2 per barrel higher than a week ago.

Light sweet crude oil futures for January were trading at $98.88 a barrel on the New York Mercantile Exchange this morning, according to the CME Group.

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