State gas average falls under $3

In the final month of the year, Missouri's gas average has held steady near $3 per gallon. During the week of Dec. 18-26, the average dropped 2.1 cents to $2.98 per gallon, the lowest price point of the month.

The state's gas prices averaged $3.02 per gallon on Dec. 4, $3.03 per gallon on Dec. 11 and $3.01 per gallon Dec. 18, according to news releases from GasBuddy.com.

Missouri's average yesterday was 5.4 cents lower than a month ago but 11.1 cents higher than the same day a year ago. The national average - which has ranged from $3.23 to $3.29 per gallon during the month - increased by 0.8 cents during the week of Dec. 18-26 to an average of $3.23 per gallon yesterday. The U.S. average has decreased 8.9 cents in the last month but has increased 21.3 cents during the past year.

This morning, the lowest cost of gas in Missouri was $2.79 per gallon at a filling station in Caruthersville, located in the southeastern corner of the state. The highest priced gas, $3.19 per gallon, was being sold at six stations in St. Louis, Cape Girardeau, Edmundson and Overland, according to MissouriGasPrices.com.

Missouri ranked No. 5 this morning on GasBuddy.com's list of lowest gas averages by state, falling behind New Mexico, Utah, Oklahoma and South Carolina.

As of 9 a.m., the least expensive gas in Springfield, $2.90 per gallon, was available at a Conoco station at 700 N. Benton Ave.

West Texas Intermediate crude oil was trading at $99.87 per barrel as of 9 a.m. Light sweet crude oil futures for February were trading at $100.06 a barrel on the New York Mercantile Exchange, according to the CME Group.
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