While nationally gas prices have continued to climb, gas prices in the state and area have been steady.
According to GasBuddy.com, the national average rose to $2.40 for a gallon of regular unleaded, just more than 1 cent higher than the previous week. In comparison, the Kansas average price is $2.21 a gallon of regular unleaded, unchanged from the previous week.
"The national average gasoline price climbed to its highest level since September 5, 2015 on the $6 per barrel rise in oil prices over the last few weeks, supported by last week’s decline in oil inventories and pressure from geopolitical tensions," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "While some states in the Great Lakes saw average gasoline prices ease after leading the nation by rising double digits each of the last two weeks, most the country saw a continued rise.
"However, the national average may reach its peak for the year in the next few weeks barring major escalation in Syria as refiners have generally concluded seasonal maintenance work and summer gasoline’s May 1 deadline for refiners is just around the corner. While average prices are far below their 5-year average, they remain notably higher than last year. Today shows just 405 gas stations in the U.S. selling gasoline at $2 per gallon or less, a far cry from a year ago when over 80,000 stations were at the level."
The cheapest gas in Kansas is at a Love’s in Chanute, which is priced at $2.05 a gallon. According to GasBuddy.com, the highest-priced gas is in Minneola at a Cenex station listed at $2.49 a gallon.
In Dodge City, Murphy USA has the cheapest price at $2.14 a gallon. Dillons and Kwik Shop are both at $2.15 a gallon while the Shell station at Farmers Country Market is listed at $2.16 a gallon. Other stations are at $2.18 and $2.19 a gallon, including Love’s in Dodge City which are at $2.19.
Smaller towns around Dodge City range from $2.22 in Meade to $2.49 in Minneola.
Meanwhile, oil prices fell on Tuesday, hitting their lowest in 11 days, as a US government report said shale output in May is expected to post the biggest monthly increase in more than 2 years.
Saudi Arabia, meanwhile, suggested it was too soon to determine if oil production cuts need to be extended in OPEC, creating doubt among the oil market and drawing oil prices down.
Members of the Organization of the Petroleum Exporting Countries are cutting oil production by 1.2 million barrels per day from Jan. 1 for six months, the first reduction in 8 years.
"The battle between the ‘sheiks and the shale oil producers’ is far from decided — with all attempts by OPEC to achieve a lasting production deficit on the oil market being torpedoed by non-OPEC producers first and foremost the US," analysts at Commerzbank wrote on Tuesday.
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