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MO holds on to lowest gas prices in the country

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Missouri held the top spot this morning on GasBuddy.com's list of lowest gas price averages by state, a position the state has hovered around for weeks.

Missouri's average retail gasoline prices dropped 5.4 cents per gallon Oct. 17-23 to $3.22 per gallon Sunday.

State prices were 4.4 cents per gallon higher than a month ago and 63.5 cents per gallon higher than a year ago, according to a GasBuddy.com news release.

As of 9:36 a.m., the least expensive gas in Missouri, $3.04 per gallon, was available at filling stations in Mehlville and Concord, both near St. Louis. The most expensive gas was selling for $3.59 per gallon at a station in Kansas City and a station in St. Joseph.

In Springfield, the cheapest gas was $3.13 per gallon, available at 22 stations, according to MissouriGasPrices.com.

The U.S. gas average decreased 1.8 cents per gallon Oct. 17-23 to $3.47 per gallon, 5.9 cents per gallon lower than a month ago but 65.6 cents per gallon higher than a year ago, the release said.

"Surprisingly, the average price for a gallon of gasoline fell last week," said Patrick DeHaan, GasBuddy.com senior petroleum analyst, in the release. "While volatility in prices is all but guaranteed, the direction in which prices travel is less clear, even after the death of Gadhafi. Many Americans believe his death will mean a drop in oil prices, but I just don't see it happening."

Light sweet crude oil futures for December were trading at $94.06 a barrel on the New York Mercantile Exchange as of 9:50 a.m., according to the CME Group.

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