Missouri state pump price average flattens; over $1 higher than 2020

Thursday, April 29, 2021

The statewide gas price average has flattened but is still over a dollar higher than this time last year.

According to the AAA Missouri Weekend Gas Watch, the statewide gas price average in Missouri is $2.66 for a gallon of regular unleaded fuel. The price is the same compared to this day last week but is $1.21 more per gallon compared to this day last year.

Of the major metropolitan areas surveyed in Missouri, drivers in Jefferson City are paying the most on average at $2.73 while drivers in St. Joseph are paying the least at $2.58 per gallon. The national average price for a gallon of regular unleaded is $2.89, which is one cent more compared to this day last week and $1.12 more than the price per gallon at this same time last year, according to AAA Gas Prices.

Gas prices in the Cape Girardeau area are $2.64, two cents cheaper than this time last week and $1.12 higher than this time last year.

According to the latest data from the Energy Information Administration, demand for US gasoline dropped back below nine million barrels per day, which was a decline of two percent week-to-week. Regional fuel supplies also fell slightly, and midwest refinery utilization registered lower as well, decreasing slightly to 81 percent.

Crude oil prices have been on the rise, sitting at $65 per barrel for West Texas Intermediate (WTI), Thursday morning.

“Missouri drivers are seeing some stability at the pump when compared to last week,” said AAA spokesperson Nick Chabarria. “However, market forecasts still suggest that prices will likely rise as we head into the summer driving season, but by how much remains to be seen.”

Drivers in Missouri continue to pay some of the cheapest prices at the pump, raking 8th  lowest in the country, according to AAA Gas Prices.

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