As of Monday average retail gasoline prices in Kansas have fallen 3.1 cents per gallon in the past week, averaging $2.62 per gallon yesterday, According to GasBuddy’s daily survey of 1,329 gas outlets in Kansas.
This compares with the national average that has fallen 3.0 cents per gallon in the last week to $2.73, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Kansas during the past week, prices yesterday were 70.3 cents per gallon lower than the same day one year ago and are 2.4 cents per gallon higher than a month ago.
Over the past week we seen an increase of 10 cents per gallon in Great Bend. According to GasBuddy.com, the average gas price in Great Bend and the surrounding communities is $2.65.
The national average has decreased 5.2 cents per gallon during the last month and stands 79.1 cents per gallon lower than this day one year ago.
“All but seven states in the U.S. saw a drop in gasoline prices over the last week, with five states seeing a double digit decline per gallon,” GasBuddy Senior Petroleum Analyst, Patrick DeHaan said. “So far this July, West Texas Intermediate (WTI) crude has managed just three days of increases with those increases averaging out to just 72 cents per barrel. Meanwhile, the price of crude oil has dropped nearly $10 per barrel since the start of the month, and in areas of the country where refineries haven’t encountered setbacks, prices have fallen. 18 states have seen double digit declines in the last month while just two states have seen double digit rises- which we can blame on refinery issues. For now, it would appear that the latter half of the summer will bring cheaper gas prices than the first half while this autumn is shaping up to give this past winter a run for its money in terms of cheap gas prices,” DeHaan added.
According to AAA of Kansas the Kansas average is actually up a penny, compared to a month ago today, but still 72 cents lower than a year ago, or nearly 22 percent lower, according to AAA’s current fuel gauge report of all the gas stations in Kansas. The favorable gap between the Kansas average and the national average, now $2.71 is still as it was a week ago, about 10 cents less in Kansas. That’s good enough to rank Kansas 20th among the lowest state averages, compared to 19th a week ago, but our surrounding Midwestern states have similarly slipped in ranking too:
•Missouri 12th (was 7th) ($2.52)
•Oklahoma 18th (was 13th) ($2.58)
•Kansas 20th (was 19th) ($2.62)
•Nebraska 34th (was 25th) ($2.75)
•Colorado 37th (was 32nd) ($2.81)
Wichita now, not Topeka, has the lowest average price of the Kansas Metro areas, at $2.53, and has experienced a 13 cent drop in one week. The Wichita average price for unleaded regular gas is also 4 cents lower than a month ago and 68 cents lower than a year ago, or about 20 percent lower. A similar move has occurred in Lawrence. Now not the highest metro (Kansas City, Kansas has that distinction), the Lawrence average has also dropped 13 cents in a week, but from $2.77 down to $2.64 today. Lawrence’s average is also three cents lower than a month ago and over 74 cents lower than a year ago, or 22 percent. Still Topeka, at $2.55, is good enough for second best metro average price, and has experienced a drop of over three cents in the past week. Today’s Topeka average price is exactly the same as it was a month ago today, and is 66 cents lower than a year ago, or 21 percent.