On the one hand, there was national news Tuesday that oil prices need to stabilize, which led to a drop in the cost of oil. Locally, however, Great Bend saw gasoline prices increase again Tuesday, hitting $3.66 per gallon.
That is up more than 65 cents per gallon since the first of the year.
Gas was still under $3 per gallon at Christmas.
It has increased three times this month alone, locally.
Still, at $3.66, the price is in the mid-range for the state and significantly lower than elsewhere in the nation, where the high price is pushing $5 per gallon.
And that is making just about everyone — who doesn’t make money off fuel sales — nervous, according to national experts.
In Kansas, Tuesday, the lowest recorded price for unleaded gas was $3.49, which was found in Wichita and Andover.
Other prices around the state included: $3.51, Augusta; $3.53, Wichita and South Hutchinson; $3.54; Manhattan and Wichita; $3.55, Dodge City, Oaklawn and Wichita; $3.57, Salina; $3.59, Salina, Lawrence, Manhattan, Junction City, Emporia and Garden City; $3.62, Garden City and Hutchinson; $3.63, Liberal and Lawrence; $3.64, Manhattan; $3.65, Liberal, Hays, Garden City, Manhattan, Dodge City and Emporia; $3.67, Junction City; $3.69, Emporia and Junction City; $3.73, Lawrence; $3.75, Manhattan; $3.79, Pittsburg, Frontenac, Cherryvale and Independence; $3.80, Holton; $3.83, Eureka; $3.84, Girard; $3.86, Parsons; $3.87, Ulysses; $3.89, Cherryvale; and $3.95, Ellsworth.
The state average price Tuesday was $3.68, compared to $3.54 a week ago and $3.43 a month ago.
A year ago Tuesday, the average price in Kansas was $2.80.
Nationally, the average price on Tuesday was $3.78, compared to $3.53 a month ago and $2.87 a year ago.
The prices are reported on Kansas Gas Prices, which is operated by Gas Buddy Organization, that was developed as a way for the public to report changes in gas prices around the nation.
The Kansas prices are available at www.kansasgasprices.com.
Some communities are listed more than once in the prices, because there are a variety of gas prices available.
According to reports from the Associated Press, prices for oil were headed down on Tuesday.
“Oil tumbled more than 3 percent Tuesday after Goldman Sachs warned investors that crude is due for a ‘substantial pullback.’
“Goldman analyst David Greely noted that global supplies remain ‘adequate’ even though the rebellion in Libya shut down production there. Before fighting broke out in February, Libya exported about 1.5 million barrels per day2 percent of global demand — mostly to Europe.
“Fears of tightening global supplies have helped push oil prices 33 percent higher since the middle of February.
“Benchmark West Texas Intermediate crude for May delivery gave up $3.71, or 3.4 percent, to $106.22 per barrel on the New York Mercantile Exchange, shedding nearly two weeks of price increases. At one point it dropped to $105.60. In London, Brent crude lost $3.47, or 2.8 percent, at $119.95 per barrel on the ICE Futures exchange.
“Analyst and trader Stephen Schork pointed out that anyone who bought oil contracts last week paid between $107.58 and $112.94 per barrel. If oil continues to hold below that level, it could trigger a wider selloff.
“‘If they panic, we could be at $100 (per barrel) in no time,’ Schork said.
“Meanwhile, gasoline pump prices continue to set new records for this time of year. The national average for a gallon of regular rose 2 cents on Tuesday to $3.79, according to AAA, Wright Express and Oil Price Information Service. Illinois has joined California, Hawaii and Alaska with average prices above $4 per gallon.”