Demand and crude prices pushing pump prices, Kansas 12th cheapest
June 13, 2016 – The lowest average in Kansas is in Parsons at $1.94. A few other locations averages have dropped below two dollars again. Overall the Kansas average dropped by a penny.
The national average price of gas reached a new 2016 high over the weekend, and today’s average of $2.38 per gallon is the most expensive average since September 2015. “Gas prices have moved higher by two cents per gallon on the week and 16 cents per gallon on the month,” said Jim Hanni, AAA Spokesperson. “Although pump prices have increased for 28 of the past 33 days, consumers continue to benefit from yearly savings and prices are down 42 cents per gallon compared to a year ago,” added Hanni.
Topeka’s average increased nine cents on the week. Wichita’s average went down a penny, Kansas City, KS saw a ten cent jump in the average price and Lawrence saw an eight cent increase.
Here are the comparison price averages for the surrounding states:
Ø Oklahoma-$2.15 ranked 6th
Ø Missouri -$2.19 ranked 11th
Ø Kansas-$2.19 ranked 12th
Ø Colorado-$2.28 ranked 19th
Ø Nebraska-$2.34 ranked 29th
Today’s status for our Kansas Metro areas and several other Kansas communities:
A Year Ago
|Kansas City (KS)||$2.32||$2.22||$2.02||$2.73||-15%|
The cost of crude oil has moved higher over the past few weeks, which has made gasoline more expensive to start the summer driving season. Crude oil prices have increased due to unexpected disruptions in places like Canada and Nigeria, while questions continue to mount over future production in Venezuela. Since early April, the cost of crude oil has increased by more than $13 per barrel to the highest levels since 2015. With all other factors being equal, a $1 per barrel change in the price of crude oil can increase gas prices by 2.4 cents per gallon. Prices may continue to fluctuate on the heels of news related to global oil supply and the U.S. dollar, which could have a major impact on what drivers pay for gasoline this summer.
To find prices for any Kansas community, visit www.aaa.com, click on the “Fuel Resources” tab at the bottom of the home page, then the “Fuel Price Finder” tab on the page that follows.