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Updated 06/06/2024 - KRPS 89.9 FM is broadcasting at 100% power

Gas Prices Continue Downward Trend as More Americans Embrace the Summer Travel Season

According to new data from the Energy Information Administration (EIA), gas demand dipped from 9.14 b/d to 8.94 last week. Meanwhile, total domestic gasoline stocks jumped from 228.8 to 230.9 million bbl.

As summer travel season ramps up, fuel prices throughout the US continue to decline.

KRPS’s Fred Fletcher-Fierro has more.

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The official start of summer is just ten days away, however for millions of Americans the summer travel season is already underway, and just in the nick of time gas prices across the US continue to come down.

The average cost of fuel dropped eight cents a gallon last week, the largest single, weekly average drop all year. Three reasons behind the lower fuel prices are tepid gasoline demand, increasing supply, and falling oil costs. At 455.9 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.

Kansas, Missouri, Oklahoma, and Arkansas all rank in the top ten for cheapest gas prices. Arkansas and Oklahoma are the least expensive of the four states, both averaging $3.00 per gallon. While gas costs a little bit more in Kansas and Missouri.

A gallon of fuel in Kansas is averaging $3.06 and in Missouri $3.11. The average price of a gallon of 87 octane nationwide is $3.44.

Copyright 2024 Four States Public Radio. To see more, visit Four States Public Radio.

Since 2017 Fred Fletcher-Fierro has driven up Highway 171 through thunderstorms, downpours, snow, and ice storms to host KRPS’s Morning Edition. He’s also a daily reporter for the station, covering city government, elections, public safety, arts, entertainment, culture, sports and more. Fred has also spearheaded and overseen a sea change in programming for KRPS from a legacy classical station to one that airs a balance of classical, news, jazz, and cultural programming that better reflects the diverse audience of the Four States. For over two months in the fall of 2022 he worked remotely with NPR staff to relaunch krps.org to an NPR style news and information website.

In the fall of 2023 Fred was promoted to Interim General Manager and was appointed GM in Feburary of 2024.