MO gas average rises to $3.48

The average price of retail gasoline in Missouri jumped 10.4 cents during the week of Feb. 20-26 to $3.48 per gallon yesterday.

As of yesterday, the state's average increased 25.7 cents from a month ago and 28.8 cents from a year ago. Comparatively, the national average, which rose 11.3 cents during the week, was 26.6 cents higher than a month ago and 29.8 cents higher than the same day last year, according to a GasBuddy.com news release.

"2012 is looking increasingly like 2008," said Gregg Laskoski, senior petroleum analyst for GasBuddy.com, in the release. "Gasoline prices are climbing aggressively as speculation drives crude oil higher, and once again, it's an election year."

This morning, Missouri had the ninth lowest gas average in the nation at $3.50 per gallon, falling behind Wyoming, $3.11 per gallon, at the No. 1 spot, according to GasBuddy.com's list of the lowest gas price averages by state.

As of 8:51 a.m., several filling stations in Columbia had the cheapest gas in Missouri, $3.29 per gallon, according to MissouriGasPrices.com.

In Springfield, gas was selling for $3.36 per gallon at Sam's Club, 745 W. El Camino Alto Drive, and for $3.39 per gallon at myriad stations across the city.

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

As of 8:54 a.m., West Texas Intermediate crude oil was trading at $108.92 per barrel, up from $105.46 a week ago. Light sweet crude oil futures for April were trading at $108.53 a barrel on the New York Mercantile Exchange, according to the CME Group.
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