Monday, October 6, 2014

Gas Prices Drop Below $3 in Five Cities

Gasoline prices in the United States have fallen to an average cost of a gallon of regular down from $3.443 one month ago to $3.20.

While the average price of a gallon of gas has dropped below $3.10 in several states (Missouri, South Carolina, Oklahoma, Mississippi, Tennessee, Kansas and Arkansas), it has fallen below $3 in five cities.

The price of a gallon of gasoline has dropped to $2.972 in St. Louis, according to GasBuddy. It is down to $2.981 in Kansas City, Mo.; $2.988 in Tulsa, Okla.; $2.994 in Spartanburg, S.C.; and $2.990 in Greenville, S.C.

The gains in oil productivity in the United States is the primary cause and is putting an overall damper on price inflation indexes, though staples like meat and housing continue to climb rapidly in price.



  1. I saw 2.99 gas in my neighborhood this weekend. I wonder if it will ever get back down to 26 cents, which is what I bought if for when I had my first car.

  2. In addition to market forces and currency exchange rates, any indications it's price is being manipulated down to influence the elections? Are the Saudi's flooding the supply?