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MO gas falls 7 cents to $3.07/gallon

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Missouri's average retail gasoline prices continued to fall during the week of Nov. 14-20, dropping 7 cents to $3.07 per gallon yesterday.

The state's gas prices were 15 cents lower than a month ago but 42 cents higher than a year ago. Comparatively, the U.S. average, which fell 5.7 cents during the week to $3.36 per gallon yesterday, was 11.1 cents lower than a month ago and 49.3 cents higher than the same day last year, according to a GasBuddy.com news release.

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, Louisiana, Tennessee, Mississippi, Alabama and Kansas.

As of 9 a.m., the least expensive gas in Missouri was available for $2.84 per gallon at a filling station in Ferguson, near St. Louis. The highest-priced gas, $3.34 per gallon, was selling at a Branson Conoco station, 2153 Missouri 248.

In Springfield, the cheapest gas was $3.03 per gallon at Kum & Go, 2963 E. Division St., according to MissouriGasPrices.com.

"Gasoline prices have continued their slow decline in the last week across a solid majority of the United States, with the national average sagging to its lowest level since this past February," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in the release. "Many motorists may be giving thanks for the lower gasoline prices, until they realize that average prices will still easily exceed prior Thanksgiving Day records."

On Nov. 16, West Texas Intermediate crude oil closed at $102.59 per barrel, the first time oil has closed above $100 per barrel in November, according to a separate GasBuddy.com news release.

WTI crude oil was trading at $97.41 per barrel as of 9:11 a.m.

Light sweet crude oil futures for January were trading at $96.13 a barrel on the New York Mercantile Exchange this morning, according to the CME Group.
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