Have you noticed? Gas prices have fallen from their peak in June. KRPS’s Fred Fletcher-Fierro has more.
A month ago, the average price of a gallon of gas in Missouri, according to Triple-A, was $4.06, the 8th highest in the nation.
Today, that same gallon of 87 octane is $3.47, a decrease of 58 cents. Meanwhile, Kansas has experienced a slightly more significant decline.
In late July, Kansas motorists paid an average of $4.11 for regular, 87 octane. The median price has now dropped to $3.51 per gallon.
A month-over-month decrease of over 60 cents. According to Triple-A spokesperson Andrew Gross on average, Americans are saving about $1.11 per gallon from June at the height of the summer driving season.
According to recent data from the Energy Information Administration, gas demand rose slightly from 9.12 million b/d to 9.35 million b/d last week, which is nearly identical to this time last year. Regardless of the recent price declines, the average price for a gallon of fuel in the US is still 74 cents higher than this time last year.