Average Kansas gas price now $1.93, 18 cents lower than last month
WICHITA – Further falling prices at the gas pumps mean Kansas motorists continue to get good news when they fill up their tanks. At $1.93/gallon, the Sunflower State’s average gas price is now 31 cents lower than the national average and ninth cheapest in America. Kansas’ average gas price, which has fallen steadily for about the past three months, is now 15 percent lower than this time last year.
“Despite the recent busy holiday travel period, gasoline demand has remained low, while supply is still plentiful in the market,” said AAA Kansas spokesman Shawn Steward. “The result is great news for motorists, who get to enjoy the cheap prices at the pumps.”
Steward noted that two Kansas metro areas are among the Top 50 cheapest gas prices in America this week. Wichita, at $1.85/gallon, checked in with the 34th lowest gas prices among larger metro areas. Kansas City, Kan. ($1.88) is 44th lowest.
Of the 10 Kansas cities regularly highlighted by AAA Kansas (see chart below), seven registered average prices under $2/gallon. All except Salina, which rose two cents, experienced price declines in the past week. The largest price drops were seen in Garden City (-8 cents), Hays (-6) and Emporia (-5).
According to AAA Kansas, this week’s Kansas gas price extremes are:
HIGH: Elkhart (Morton County) – $2.50
LOW: Galena (Cherokee County) – $1.72
The latest Energy Information Administration (EIA) data registers gasoline demand at 8.6 million b/d for the week ending December 28 – the lowest level on record since February 2017. Despite record motor vehicle travel for the holiday, demand was down nearly 900,000 bbl, suggesting that demand this winter could be lower than expected.
Today’s national gas price average is $2.24 and has declined for 12 weeks in a row. The national average is three-cents cheaper on the week, 20-cents cheaper than last month and 25-cents cheaper year-over-year.
“As the global crude market continues to be oversupplied, oil prices are dropping, continuing last week’s trend,” said AAA Kansas’ Steward. “This is good news for motorists filling up at the pump.”
The nation’s top 10 least expensive markets are: Missouri ($1.82), Oklahoma ($1.90), Arkansas ($1.91), Texas ($1.91), Alabama ($1.91), South Carolina ($1.91), Mississippi ($1.91), Louisiana ($1.93), Kansas ($1.93), and Ohio ($1.95).
The nation’s top 10 yearly decreases are: Michigan (-55 cents), Illinois (-49 cents), Ohio (-47 cents), Indiana (-47 cents), Iowa (-47 cents), Wisconsin (-46 cents), Nebraska (-41 cents), Missouri (-41 cents), Kentucky (-39 cents), and Delaware (-36 cents).
Today’s national gas price extremes:
High: California – $3.32
Low: Missouri – $1.82