Gas Falls to Lowest Price in Four Years

Todd PittengerMarch 31, 2020

The national average for a gallon of regular gasoline dropped below $2 per gallon for the first time in four years.

According to AAA Kansas, Tuesday’s national gas price average is $1.99. Here in Kansas, the average is $1.76, which is 12th lowest in the nation. AAA expects gas prices to push cheaper by at least another quarter in April.

The national average gas price has fallen to today’s sub-$2 level from $2.45 a month ago and $2.70 one year ago. For historical perspective, after the 9/11 terrorist attacks in 2001, the national average fell to $1.08/gallon and reached $1.06 in January 2002.

The current decline is due to COVID-19’s chilling effect on the global economy and the crude oil price war between Saudi Arabia and Russia. Crude has plummeted to $20/bbl – a closing price not seen since 2002. For the last 52 weeks, crude oil (West Texas Intermediate) has averaged $56/bbl with the national pump price average at $2.63.

 

Kansas Average Per Gallon Gas Price

(regular unleaded gasoline)

Current average price per gallon $1.76
Yesterday $1.77
One week ago $1.87
One month ago $2.22
One year ago $2.49
Highest average recorded (7/16/08) $4.02

 

“AAA expects gas prices to keep dropping as cheap crude combines with the realities of people staying home and lower demand for gas,” said Shawn Steward, Public and Government Affairs Manager for AAA Kansas. “While demand is diminishing, COVID-19 is not impacting the U.S. gasoline supply.”

In fact, the U.S. has an unusual amount of winter-blend gasoline still available for this time of year. This caused the Environmental Protection Agency to extend the sale of winter-blend past the May 1 deadline to May 20. The agency said they would continue to monitor and may extend the waiver again.

“The EPA’s extension of the winter-blend gasoline waiver will contribute to sustained lower prices, especially as U.S. gasoline demand readings look more like winter-driving season than spring,” added AAA Kansas’ Steward.

AAA forecasts that until crude oil prices and gasoline demand increase, cheaper gas prices are here for the foreseeable future.

For those motorists who are not driving, AAA offers these car care tips for longer-than-expected parked vehicles:

  • Battery Boost. If possible, use a Battery Tender or other maintenance-type battery charger to keep the battery at a full state of charge and prevent deterioration. The Battery Tender should remain connected to the stored vehicle.
  • Fuel Stabilizer. If gas is going to sit in the vehicle’s tank for more than a few months, particularly gasoline that contains ethanol, AAA recommends using a treatment designed for fuel stabilization such as STA-BIL®.  Anyone can do this, and it is as simple as fueling up a vehicle. Fill the gas tank to help minimize condensation and drive the car for five to ten miles to ensure that the stabilized fuel circulates throughout the fuel system.
  • Tire Pressure. Add 10 psi of pressure to each tire to help prevent flat spots from forming on the tires. This occurs when the area of the tire touching the ground becomes rigid due to sitting in one position for an extended period. You can also move the vehicle periodically.
  • Windshield Wiper Placement. Prop up the wiper arms so the blades are off the windshield and won’t get stuck to the glass.
  • No Parking Brake. Don’t use the parking brake when storing the vehicle. The brake could become frozen, and the brake pads could rust to the rotors, or brake shoes could distort the drums. With an automatic transmission, simply place the vehicle in park. If the car has a manual transmission, put it in first or reverse gear and use wheel chocks to help hold the vehicle in place.

Regional Gas Prices:

  • Oklahoma gas average at $1.56 Tuesday (cheapest in America), down 14 cents in the past week and down 62 cents in the last month.
  • Missouri gas average at $1.74 Tuesday (10th cheapest in America), down 11 cents in the past week and down 43 cents in the last month.
  • Nebraska gas average at $1.90 Tuesday, down 12 cents in the past week and down 46 cents in the last month.
  • Colorado gas average at $1.97 Tuesday, down 9 cents in the past week and down 40 cents in the last month.

Current average gas prices throughout the state of Kansas:

Dodge City – $1.62

Emporia – $1.86

Goodland – $1.95

Hays – $1.51

Hutchinson – $1.86

Kansas City, Kan. – $1.76

Lawrence – $1.79

Manhattan – $1.78

Pittsburg – $1.80

Salina – $1.73

Topeka – $1.80

Wichita – $1.66

 

Kansas Statewide Extremes:

High: Luray (Russell County) – $2.20

Low: Mayetta (Jackson County) – $1.26

Copyright © Rocking M Media, 2020. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :



STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Tips On Pet-Friendly Than...
November 25, 2020Comments
Pumpkin is King of the Pi...
November 25, 2020Comments
Add a Dash of Safety to H...
November 25, 2020Comments
Citizen Review Board Volu...
November 25, 2020Comments

LATEST TWEETS

Read all tweets