Missouri gas prices increase, still lower than June 2018

Missouri gas prices have risen 2.3 cents per gallon in the past week according to GasBuddy.

Posted: Jun 3, 2019 10:38 AM

(MISSOURI)— Missouri gas prices have risen 2.3 cents per gallon in the past week according to GasBuddy.

The average price of a gallon of gas hit $2.52 last week. 

Gas prices in Missouri are 5.1 cents per gallon lower than a month ago, yet stand 16.8 cents per gallon lower than a year ago. 

"The national average has fallen for its fourth straight week, probably not something motorists would associate with the start of the summer driving season," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "More impressively is the surprise that may soon hit some motorists: the nation's cheapest gas prices may soon fall back under $2 per gallon as oil prices have plummeted nearly $14 in the last 8 weeks, prompted by worries about President Trump's tariffs on China and now also Mexico, undermining the U.S. and global economy, and perhaps leading to a slowdown in oil demand at the same time as U.S. oil inventories have rebounded sharply. While there may be volatility and a return to higher prices should Trump make a deal to avoid tariffs on both the countries, for now, it's going to be a big win at the gas pump with prices in most areas likely to fall notably in the week ahead."

The national average price of gasoline has fallen 1.6 cents per gallon in the last week. 

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Temperatures start to rebound overnight but will continue to rise through the weekend. Saturday will be mostly sunny with highs in the low to mid 40s. Temperatures will stay between the 30s and 40s for the rest of the week.
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