MO gas sells for 23 cents lower than U.S. average

Missouri's average retail gasoline prices fell 6.9 cents per gallon during the week of Aug. 8-14 to $3.37 per gallon yesterday. In comparison, the national average dropped 4.7 cents per gallon during the week to $3.60 per gallon yesterday.

State prices were 25 cents per gallon lower than a month ago but 85 cents per gallon higher than the same day last year. U.S. prices were 6.7 cents per gallon lower than a month ago but 85.4 cents per gallon higher than a year ago, according to a GasBuddy.com news release.

Missouri's least expensive gas this morning was $3.13 per gallon at a filling station in Des Peres, near St. Louis. The most expensive gas was $3.71 per gallon, available at a station in southern Kansas City.

In Springfield, the lowest price of gas was $3.23 per gallon, available at seven stations:

• Break Time, 1211 E. Grand St.;
• Conoco, 945 S. Campbell Ave.;
• Dillons, 1260 E. St. Louis St.;
• Sam's Club, 745 W. El Camino Alto St.
• Signal, 960 S. Glenstone Ave.;
• Signal, 2415 S. Campbell Ave; and
• Signal, 2810 E. Battlefield Road.

Missouri held its spot at No. 3 in GasBuddy.com's list of lowest gas price averages by state, ranking behind Louisiana, No. 1, and Arizona.

The U.S. price per barrel for crude oil was $104.16 as of Aug. 5, compared to $76.75 per barrel a year before, according to the most recent data available from the U.S. Energy Information Administration.

According to the CME Group, light sweet crude oil futures for September were trading at $86.75 a barrel on the New York Mercantile Exchange as of 8:53 a.m. On the morning of Aug. 8, September futures were trading at $84.21 a barrel.

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