Gas prices have fallen from their June peak, still averaging about 75 cents more than summer 2021

Have you noticed? Gas prices have fallen from their peak in June. KRPS’s Fred Fletcher-Fierro has more.

Photo by Erik Mclean on Pexels.com

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.

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