Kansas Has 10th Lowest Gas Prices in America;
National Average Near Low for the Year Heading into Independence Day Weekend
June 26, 2017 – In advance of the Independence Day holiday, which is expected to break records for the number of travelers hitting the roadways, average gas prices in Kansas continue their steady decline this summer. This week’s statewide average of $2.07 per gallon is four cents lower than last week at this time. Average gas prices in Kansas are 19 cents cheaper than the national average of $2.26.
Kansas’ average gas price registers 10th lowest in the nation for the fourth week in a row. Motorists in 72 Kansas communities are now enjoying average prices of $2 per gallon or less, led by Iola and the aptly named, Gas, at $1.87.
Of the 10 regularly reported Kansas cities (see chart below), eight saw price decreases in the past week, while prices in Hays and Manhattan rose by one cent per gallon. Garden City experienced the largest price decrease, falling 9 cents to $2.01. Wichita fell 4 cents in the past week to $1.98 and comes in as the 15th lowest metro area in America.
This week’s Kansas cities with the state’s gas price extremes are:
HIGH: Hill City, Hope and St. Francis – $2.30
LOW: Gas and Iola – $1.87
Despite a surge in gasoline demand on the week, the national average price for gasoline is nearing an all-time low for the year at $2.26/gallon. February of this year was the last time the price of a gallon of regular unleaded gasoline was this low nationally.
On the week, gas prices fell in all but three states (Indiana, Ohio and Michigan) while all regions, except the Southeast, saw gasoline inventories drop. This is good news for people planning to travel for the Independence Day holiday. AAA forecasts 37.5 million American will drive to their holiday destination, which potentially can mean a small increase in holiday weekend gas prices. Today, consumers can find gas for $2.24 or less at 60 percent of gas stations in the country.
The price of gas has fallen for 24 consecutive days. Today’s national average is three cents cheaper than a week ago and eleven cents cheaper than a month ago. Heading into Independence Day weekend, gasoline is four cents less than a year ago. Record refinery rates, high gasoline and crude inventory, and less-than-favorable demand this year are among the contributing factors causing the downward price trend.
The nation’s top ten markets with the cheapest gas this week include: South Carolina ($1.93), Oklahoma ($1.95), Alabama ($1.99), Mississippi ($2.00), Missouri ($2.01), Tennessee ($2.02), Arkansas ($2.02), Virginia ($2.03), Texas ($2.06) and Kansas ($2.07).
See Attached Infographic: Top 10 Least Expensive Average Gas Prices
Gas Price Trends in Select Kansas Cities
Bordering states and rank in lowest gas prices around the country