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AAA: Kansas gas price trends showing no relief

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Average Kansas pump price is $2.46, as gas continues its upward climb

TOPEKA – Kansas motorists continue to experience higher prices at the gas pump. This week’s $2.46/gallon average statewide gas price is up two cents from one week ago. Over the past month, Kansas has experienced the fifth largest price increase in the nation – 17 cents. (See infographic). Despite that, Kansas currently has the 15th lowest gasoline prices in the nation, 15 cents lower than the $2.61 national average.
“Strong gasoline demand and high crude oil prices have led to higher prices at the gas pumps, and an unseasonable winter price increase trend,” said Shawn Steward, AAA Kansas spokesman. “For perspective, we were at $2.16 a gallon average in Kansas a year ago, so we’re significantly higher now.”
The 10 Kansas cities regularly highlighted by AAA Kansas (see chart below), showed a mixed bag of price fluctuations this week, with four markets experiencing gas price declines, one (Lawrence) remaining the same, and five showing increases. Hays and Salina both fell two cents, while Garden City (+5 cents), Topeka (+5) and Manhattan (+4) saw the largest increases in the past week.
According to AAA Kansas, this week’s Kansas gas price extremes are:
HIGH: Kensington (Smith County) – $2.91
LOW: Waverly (Coffey County) – $2.21
National Perspective
The national gas price average has increased for the sixth consecutive week, landing today’s national average at $2.61. That is 18 cents more expensive since prices started the upward trend in late-December and 3 cents more than last Monday.
“Every motorist in the country is paying more at the pump year-over-year. At 18 cents, Utah is seeing the smallest increase and California is feeling the biggest increase at 52 cents compared to the same time last year,” said AAA Kansas’ Steward. “Strong demand coupled with steadily rising oil prices means filling up will continue to cost consumers more this month. In fact, the last time the national gas price average was this high, but under $3/gallon in February was in 2010.”
On the week, U.S. consumer gasoline demand hit 9 million b/d. In 2017, demand did not reach this mark until early March, according to the Energy Information Administration (EIA).
Great Lakes and Central States Report
On the week, gas prices are less volatile than we have seen in the Great Lakes and Central region since the start of the year. While prices increased for most states, from 1 to 6 cents, a few states saw no change (Wisconsin) or a 1-cent decrease at the pump: Illinois and Missouri.
In the region, 10 of 13 states are selling gas for $2.50 or more: Michigan ($2.67), Iowa ($2.64), North Dakota ($2.63), Illinois ($2.62), Nebraska ($2.62), Indiana ($2.60), Minnesota ($2.58), South Dakota ($2.58), Wisconsin ($2.54) and Kentucky ($2.51). Missouri ($2.38) and Ohio ($2.45) have the lowest gas price average in the region.
Gasoline inventory bumped up 875,000 bbl to push levels to 56 million bbl. The last time inventory was this high was April 2017, according to the EIA. For the first time in three weeks, regional refinery utilization rates increased to 92 percent. The week prior’s rate was the lowest since mid-November.
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