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MO gas average rises 5.4 cents

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Missouri's average retail gasoline prices increased 5.4 cents during the week of Jan. 23-29 to $3.24 per gallon yesterday.

That average was 19.9 cents higher than a month ago and 34.5 cents higher than the same day in 2010. The U.S. average, by comparison, increased 4.5 cents during the week to $3.39 per gallon, which was 13.5 cents higher than last month and 30.4 cents higher than last year, according to a GasBuddy.com news release.

"Late last week we saw wholesale gasoline prices rise dramatically on some refinery issues, which leads me to believe that retail gasoline prices will rise in response," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in the release.

This morning, Missouri had the 11th lowest cost of gas in the nation at an average of $3.25 per gallon. Colorado, which held the No. 1 spot, had an average of $2.94 per gallon, according to GasBuddy.com's list of lowest gas averages by state.

As of 10:19 a.m., an Ozark filling station - Shamrock, 1750 State Highway 14 - had the lowest gas price in Missouri at $2.96 per gallon. The Springfield Sam's Club at 745 W. El Camino Alto Drive tied for third at $3.01 per gallon.

A station in Ladue, near St. Louis, was selling the most expensive gas in the state at $3.69 per gallon.

Chicago-based GasBuddy Organization Inc. operates a system of more than 250 price-tracking Web sites operating under GasBuddy.com.  

West Texas Intermediate crude oil
was trading at $98.08 per barrel as of 10:24 a.m., compared to roughly $98.98 per barrel the morning of Jan. 23. Light sweet crude oil futures for March were trading at $99.33 a barrel on the New York Mercantile Exchange, virtually unchanged from last week, according to the CME Group.
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