Missouri gas prices jump nearly 30 cents as global tensions push oil costs higher
FOX23 News at 9 p.m
JEFFERSON CITY, Mo., (KBSI) — Gas prices across Missouri have risen sharply over the past week amid increasing crude oil costs and escalating tensions involving Iran, according to AAA.
The statewide average for a gallon of regular unleaded fuel is $2.93, up 29 cents from a week ago and 9 cents higher than the same time last year, AAA Missouri reported. Among major metropolitan areas in the state, Cape Girardeau has the highest average price at $2.99 per gallon, while St. Joseph has the lowest at $2.85.
The national average stands at $3.25 per gallon, an increase of 27 cents from last week but 14 cents lower than a year ago.
AAA officials said rising crude oil prices, influenced in part by ongoing conflict involving Iran, are contributing to the spike. Iran plays a significant role in the global oil market, and crude oil is the primary component of gasoline.
Seasonal factors are also contributing to higher prices, including the transition to summer-blend gasoline and expectations of increased travel demand as spring approaches.
“Gas prices are currently being driven up by two factors — crude oil price increases as a result of conflict in Iran and the seasonal gasoline blend switchover,” said Nick Chabarria, a spokesperson for AAA. “Now is the time drivers can find substantial savings at the pump by shopping around.”
AAA recommends that drivers improve fuel efficiency by avoiding aggressive driving, maintaining proper tire inflation, reducing excess vehicle weight and comparing prices at different stations.
