Gas Prices Rising

Gas prices across Missouri have risen just over one cent per gallon in the past week, averaging $1.82.  Gas prices in Missouri are 20.4 cents per gallon higher than a month ago and stand 53.0 cents per gallon lower than a year ago.

Locally, area residents in Iron County are paying $1.89 to nearly $2 for a gallon of regular unleaded gasoline.  

“Gasoline demand has continued to recover over the last week, with a 3% rise in demand versus last week, and that continues to push gasoline prices higher as well, for the eighth straight week,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Americans continue to increasingly get in the car as summer progresses and are  eager not to miss out on the best months of the year.”

“In turn, the resurgence in gasoline demand is also pushing oil prices to their highest level in months, fueling gas prices to rebound as Americans try to find some sense of normalcy amidst the ongoing COVID-19 situation. For now, its likely that we remain on this path of rising prices, but we won’t see gas prices snap back to normal for some time yet,” says De Haan.

De Haan also says that we see an increase in prices this time of year because of the change over to summer blend gasoline.