Show-Me State gas prices dip as USA prices rise
- Author: Regina Walsh Feb 14, 2017,
Feb 14, 2017, 0:42
The average price for a gallon of regular unleaded gas was $2.10 early Monday, up from $2.07 last week. That is the same costs that were reported in the previous week's survey.
Each county saw an increase in gas prices over the last week, with the exception of Hardin County, which saw its prices fall 6 cents.
Rhode Island's price is five cents below the national average of $2.28.
US markets in the south and southeast, including Texas, continue to post some of the lowest prices for retail gasoline in the nation.
Benchmark U.S. crude rose 86 cents, or 1.6 percent, to close at $53.86 a barrel Friday in NY.
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According to Triple-A the increase can be attributed to global cuts in oil production and the ongoing tensions between the United States and Iran.
Gas prices in Rockford are down 3.4 cents compared to a week ago.
Right now, MI has the 18th-highest prices in the U.S.
The national average is about 7 cents lower than a month ago, but 58 cents higher than a year ago. U.S crude oil production is forecast to average 9.0 million b/d in 2017 and 9.5 million b/d in 2018.
Pittsburgh-area gasoline prices are up 64 cents from this time one year ago, when prices bottomed out below $2 a gallon. The EIA also expects West Texas Intermediate (WTI) crude oil prices to average about $54 per barrel in 2017.