As summer travel season ramps up, fuel prices throughout the US continue to decline.
KRPS’s Fred Fletcher-Fierro has more.
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.
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