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State gas average steps closer to U.S. levels

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Missouri's average retail gasoline prices rose 7.7 cents per gallon during the week of July 11-17, averaging $3.62 per gallon yesterday.

By comparison, U.S. prices rose 3 cents per gallon to an average of $3.67 per gallon yesterday, according to a news release from GasBuddy.com.

As of July 17, state prices were 11.4 cents per gallon higher than a month ago and $1.05 per gallon higher than a year ago. Nationwide prices have risen 0.8 cents per gallon in the last month and 94.6 cents per gallon in the last year.

As of 10:14 a.m., the least expensive gas in the state was available for $3.35 per gallon at a station in Charleston, near Cape Girardeau. The most expensive gas was $3.99 per gallon at a St. Louis station, according to MissouriGasPrices.com.

The cheapest gas in Springfield was selling for $3.36 per gallon at Sam's Club, 745 W. El Camino Alto St.

Missouri slipped to the 19th spot on GasBuddy.com's list of lowest gas price averages by state, after being listed at No. 16 last week.

The U.S. price per barrel for crude oil was $101.90 as of July 8, compared to $71.58 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 $95.35 a barrel on the New York Mercantile Exchange as of 9:34 a.m., compared to $94.23 the morning of July 11.
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