Gas Prices in the Midlands See a Small Dip

News Summary

In Columbia, Missouri, gas prices have decreased by 4.8 cents per gallon over the past week, with the average now at $2.78. Locally, prices are slightly lower than a month ago, while the statewide average sits at $2.85. This change offers a bit of relief for drivers as they adjust to fluctuating market conditions. Various factors, including seasonal trends and crude oil imports, are influencing these prices. With Mississippi having the lowest state average at $2.69 and California the highest at $4.80, the market shows significant regional disparities.

Gas Prices in the Midlands See a Small Dip!

Good news for drivers in Columbia, Missouri! Gas prices have slipped down by 4.8 cents per gallon over the past week. While that may not seem like a huge drop, every little bit helps when it comes to filling up the tank. The average price for gasoline in the Midlands is currently sitting at approximately $2.78 per gallon. Now, isn’t that a slight relief at the pump?

Comparing Columbia to the State and National Averages

Locally in Columbia, gas is getting a bit more affordable, being nearly 3 cents lower than it was just a month ago. The statewide average for gas in Missouri is around $2.85, leaving Columbia slightly above that at $2.96. Meanwhile, when we take a stroll down the national lane, we find the average price of gasoline has actually ticked up by 2.2 cents last week, now resting at $3.11 per gallon.

Discovering Prices in Columbia

If you’re out and about in Columbia looking for the best deals, you’re in luck! The cheapest gas station currently has regular unleaded gasoline for just $2.59 per gallon. On the flip side, if you happen to find yourself at the most expensive station in town, be prepared to shell out $3.29 per gallon. That’s quite a 70-cent difference between the two—talk about varying options!

Missouri’s Yearly Gas Price Trends

Zooming out to examine Missouri gas prices over time, we see a mixed bag. Overall, they have dropped by a mere 1 cent compared to the previous week, but they’ve gone up by 5 cents compared to last year. It’s like a little roller coaster, reflecting the ups and downs of the gas market.

Seasonal Changes and Supply Factors

As we transition into different seasons, gas prices often fluctuate, and it’s that time when we switch to the summer blend gasoline that starts making its rounds in March and April. There are also some intriguing economic factors playing out behind the scenes. For instance, gasoline stocks saw a modest increase of 2.2 million barrels, while distillate inventories dropped by 5.5 million barrels recently.

More Insights into Gas Prices

Interestingly, nearly 70% of crude oil imports to the U.S. are sourced from Canada and Mexico. With recent updates from the White House regarding a one-month postponement on tariffs affecting goods from these countries, there could be hopes for a smoother gas price journey ahead.

Historical Context

Looking back at history, Columbia once faced gas prices as high as $4.87 on June 14, 2022, while diesel reached an eyebrow-raising $5.39 on July 1, 2022. It’s a stark reminder of how quickly things can change—both for the better and worse!

Where Do We Stand Nationally?

For those curious about prices beyond Missouri, the state with the lowest average fuel price is currently Mississippi at $2.69 per gallon, while California is sitting at the top with an eye-watering $4.80 per gallon. That’s quite a difference and something to think about next time you fill up!

So, as you get back on the road, keep an eye on those gas prices. Every little cent saved can contribute toward your next adventure or something nice for yourself. Safe travels!

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Additional Resources

• ABC Columbia: Gas Prices Fall in SC
• KOMU: Columbia Gas Prices Highest of State Metropolitan Areas
• Columbia Tribune: Average Midwest Gas Prices Rose
• Cleveland.com: Best Gas Prices Available Northeast Ohio
• Google Search: Gas Prices Trends in Columbia

Author: HERE Lexington