Sep 12, 2022

Some in Kansas see gas prices drop below $3 a gallon

Posted Sep 12, 2022 7:00 PM

RENO COUNTY—  Gas prices in portions of Kansas have fallen  below $3 a gallon. However, that's not yet true everywhere.

Casey's on Main in McPherson is at $2.89 and Love's Travel Stop next to Interstate 35 in McPherson is at $2.90 a gallon.

The national average price for a gallon of gas fell seven cents in the past week to reach $3.71 according to AAA, a level not seen since the beginning of March. The primary reason for this decline is the recent lower cost for oil.

According to data from the Energy Information Administration (EIA), gas demand increased slightly from 8.59 million barrels per day to 8.73 million barrels per day last week.

Lower oil prices have led to falling pump prices. If gasoline demand begins to subside, as it typically does post-Labor Day with the end of summer driving, pump prices will likely continue to decrease.