MERIC NEWS LETTER


Gas TankMissouri Fuel Price Report


According to the AAA Daily Fuel Gauge Report, as of May 21, 2012 the retail price for a gallon of regular unleaded gasoline in Missouri averaged $3.41 per gallon, 27 cents lower than the national average of $3.68. Missouri pump prices were tied for 3rd lowest in the nation.

Gas Graph September 26, 2011Recent decrease in gas prices has had many people wondering, why? The cost of crude oil in the global marketplace helps dictate the price of gasoline, and with economic conditions uncertain overseas, the demand for oil has dropped, resulting in lower gas prices we are seeing today. The graph to the right shows that average gas prices in Missouri have been consistently lower than the U.S. average.

South Carolina posted the lowest gas prices in the nation followed closely by Alabama with Missouri tied for third in the nation with Arkansas, Tennessee and Oklahoma.

Top Ten Lowest Gas Prices in the Nation
State Regular Mid Premium Diesel
South Carolina  $3.35 $3.49 $3.64 $3.82
Alabama  $3.40 $3.57 $3.71 $3.87
Missouri  $3.41 $3.55 $3.70 $3.73
Arkansas  $3.41 $3.53 $3.68 $3.86
Tennessee  $3.41 $3.54 $3.68 $3.86
Oklahoma  $3.41 $3.49 $3.61 $3.76
Mississippi  $3.44 $3.58 $3.72 $3.84
Georgia  $3.46 $3.64 $3.79 $3.93
Kansas  $3.46 $3.54 $3.68 $3.85
Louisiana  $3.48 $3.64 $3.77 $3.85

Missouri gas prices have dropped 20 cents this past month. Average diesel prices are $3.73 per gallon, 13 cents lower than the Missouri pump prices one month ago.

Hawaii topped gas prices in the nation at $4.54 a gallon followed by Alaska with $4.50. For a list of all of the states, click here.

Missouri and Its Neighbors

Missouri gas prices were the tied with Arkansas, Tennessee and Oklahoma for the lowest gas prices of all its neighboring states. Missouri diesel prices were the lowest among border states. Illinois has the highest average gas prices at $3.87 a gallon followed by Nebraska at $3.57.

Missouri Border States' Gas Prices
State Regular Mid Premium Diesel
Missouri  $3.41 $3.55 $3.70 $3.73
Arkansas  $3.41 $3.53 $3.68 $3.86
Tennessee  $3.41 $3.54 $3.68 $3.86
Oklahoma  $3.41 $3.49 $3.61 $3.76
Kansas  $3.46 $3.54 $3.68 $3.85
Iowa  $3.48 $3.40 $3.64 $3.85
Nebraska  $3.57 $3.47 $3.72 $3.84
Kentucky  $3.58 $3.68 $3.79 $3.92
Illinois  $3.87 $4.00 $4.16 $3.99

Missouri Metro Areas
Kansas City had the lowest gas prices in Missouri at $3.30 per gallon, followed by St. Joseph ($3.31) and Columbia ($3.32).

Missouri Metro Averages
Area Regular Mid Premium Diesel
Kansas City (MO only)  $3.30 $3.42 $3.55 $3.72
St. Joseph  $3.31 $3.47 $3.58 $3.77
Columbia  $3.32 $3.38 $3.60 $3.75
Springfield  $3.35 $3.48 $3.60 $3.69
St. Louis (MO only)  $3.57 $3.72 $3.87 $3.72

Source: AAA Daily Fuel Gauge Report, CNN

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