The Gasoline Price Crash Continues

The Energy Information Administration released its weekly report Wednesday on the status of petroleum inventories in the United States.

Here are some highlights via GasBuddy:

CRUDE INVENTORIES:
Crude oil inventories decreased by 3.1 million barrels to a total of 382.4 million barrels. At 382.4 million barrels, inventories are 24.5 million barrels above last year (6.8%) and are well above the upper limit of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 8.1 million barrels to 237.2 million barrels. At 237.2 million barrels, inventories are up 10.2 million barrels, or 4.5% higher than one year ago.

Here are the current lowest prices in major cities:

Wichita, KS	1.770	-0.003
St. Louis, MO	1.773	-0.050
Santa Fe, NM	1.774	-0.024
Kansas City, MO	1.785	-0.007
Colorado Springs, CO	1.801	-0.024