The average retail gasoline prices in Kansas have not moved in the past week, averaging $2.13 per gallon on Sunday, according to GasBuddy’s daily survey of 1,329 gas outlets in Kansas.
This compares with the national average that has increased 2.1 cents per gallon in the last week to $2.35 per gallon.
Including the change in gas prices in Kansas during the past week, prices yesterday were 3.8 cents per gallon higher than the same day one year ago and are 12.2 cents per gallon lower than a month ago. The national average has decreased 7.0 cents per gallon during the last month and stands 6.9 cents per gallon higher than this day one year ago.
In Great Bend, Larned and Hoisington the current gas price is 2.19 per gallon.
According to GasBuddy historical data, gasoline prices on May 22 in Kansas have ranged widely over the last five years: $2.10 per gallon in 2016, $2.50 per gallon in 2015, $3.42 per gallon in 2014, $3.93 per gallon in 2013 and $3.44 per gallon in 2012.
“Due to a $3 per barrel surge in crude oil prices in the last week, gasoline prices have been moving higher across a good portion of the U.S.,” senior petroleum analyst for GasBuddy.com Patrick DeHaan said. “Optimism surrounding a likely deal to renew OPEC’s production cuts is pushing oil prices higher, but also the possibility that non-OPEC countries may join in has led to a dramatic turnaround in oil prices recently.”
According to American Automobile Association, heading into the Memorial Day weekend, things are looking all right at the pump for motorists.
The percentage in difference from last year’s prices is closing to zero for some areas. Today’s prices are beginning to look a lot like last year. Kansas is ranked number 10 for the lowest State average gas prices in the country.
The high/low around the state: Deerfield - $2.45/Hesston - $2.00
Heading into Memorial Day weekend, national gas prices are increasing for the first time in four weeks. Today’s national average is $2.36 per gallon – two cents more than a week ago, six cents less than a month ago, but eight cents more than a year ago.
The increases are likely the result of rising demand and crude oil prices. At least 36 states saw price increases on the week, with national gasoline inventories dropping by 400,000 bbl to 240.7 million.