Show-Me State gas prices dip as US prices rise

While the U.S. average ticked up 1.4 cents, Missouri’s gas average dipped by 2.6 cents during the past week, according to GasBuddy.com.
 
The Show-Me State’s average yesterday was $2.08 per gallon, below the national rate of $2.27 per gallon, according to a news release.

The Missouri average decreased by 6.8 cents during the past month but increased 68.1 cents during the past year. The U.S. average dropped 7.1 cents during the past month but moved up 57.9 cents during the past 12 months.

"The era of falling gasoline prices will likely be coming to an end soon at a gas station near you,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com, in the release. "Not to say declines are completely done, but over the next few weeks we'll likely see more times when stations are raising their prices then dropping them, thanks to gasoline demand that will soon begin recovering and crude oil imports that will soon reflect OPEC's lower output.

“The national average typically rises 35-65 cents from its low price, usually in February, through Memorial Day, and there's no reason to believe the same won't happen this year, so buckle up.”

This morning, Missouri ranked eighth on GasBuddy’s list of the lowest averages in the nation. South Carolina was first with a $2.03 per gallon average and Hawaii was last at $3.08 per gallon.

In Missouri, the lowest cost for gas statewide was selling for $1.90 per gallon at a station in Nevada. The Price Cutter Express at St. Louis Street and National Avenue tied for third statewide with a price of $1.92 per gallon, according to MissouriGasPrices.com.

West Texas Intermediate crude oil was trading at $52.88 per barrel as of 10:48 a.m., compared with a 52-week range of $39.20 to $56.24.