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MO weekly gas average rises 5 cents

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Missouri's average retail gasoline prices increased 5 cents per gallon June 27-July 4, averaging $3.38 per gallon yesterday.

State prices yesterday were 20.8 cents per gallon lower than a month ago but 91.7 cents per gallon higher than the same day the previous year, according to a GasBuddy.com news release.

As of 10:27 am., the least expensive gas price in the state was $3.20 per gallon at two stations in Crystal City, near St. Louis. The most expensive gas was selling for $3.65 per gallon at a station in Fredericktown, near Cape Girardeau.

Springfield prices spiked June 29 to $3.34 per gallon from $3.19 per gallon, according to reporting from Springfield Business Journal's media partner KSPR.

During the morning of June 27, the cheapest Springfield gas was $3.16 per gallon, according to SBJ archives.

As of 10:33 this morning, the city's lowest gas price was $3.27 per gallon, available at Sam's Club, 745 W. El Camino Alto St., and Phillips 66, 820 E. Battlefield Road, according to MissouriGasPrices.com.

Missouri fell to No. 7 in GasBuddy.com's list of lowest gas price averages in the nation, after being listed at No. 4 the morning of June 27.

The nationwide gas average was flat during the week and was 19.8 cents per gallon lower than a month ago and 84 cents per gallon higher than a year ago.

The U.S. price per barrel for crude oil was $101.42 as of June 24, compared to $72.96 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 August were trading at $96.62 a barrel on the New York Mercantile Exchange as of 10:40 a.m., compared to $90.63 the morning of June 27.
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