Missouri weekly gas price update
Monday, August 15, 2011
Average retail gasoline prices in Missouri have fallen 6.9 cents per gallon in the past week, averaging $3.37 per gallon on Sunday.
This compares with the national average that has fallen 4.7 cents per gallon in the last week to $3.60/g, according to gasoline price website MissouriGasPrices.com.
Including the change in gas prices in Missouri during the past week, prices yesterday were 85.0 cents per gallon higher than the same day one year ago and are 25.0 cents per gallon lower than a month ago. The national average has decreased 6.7 cents per gallon during the last month and stands 85.4 cents per gallon higher than this day one year ago.
"After watching oil decline dramatically two weeks ago, prices rebounded some $12/bbl last week, which may severely limit relief at the gas pump," says Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "The smallest sliver of hope in the economy seems to make some market players forget the bigger issues this country faces. Last week, this situation led to buying spree in oil prices, something that I just don't see lasting," DeHaan adds.
GasBuddy.com operates over 200 live gasoline price-tracking websites, including MissouriGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.