March 18, 2004

Gas Still Cheaper In Missouri Despite 9-Cent March Increase

Gasoline prices rose more than nine cents a gallon in the last month, according to the newest biweekly survey of service stations for the Missouri Energy Bulletin, the Missouri Department of Natural Resourcesí Energy Center reported last week.

The reported statewide average price for unleaded regular was $1.604, up 9.4 cents since the February survey. The Missouri average price was 11 cents less than the national average of $1.717 for unleaded regular gasoline. The Missouri average for diesel fuel in the last month rose from $1.504 to $1.531.

In Memphis, prices remained close to the state average. Regular unleaded gasoline cost $1.599 cents per gallon while diesel fuel was running $1.519 per gallon.

The price increases in petroleum products are being driven by high crude oil prices following OPECís February 10 decision to cut production.

The agencyís biweekly transportation fuels survey polled service stations throughout the state on the price of regular unleaded gasoline, diesel fuel, B-20 biodiesel fuel and E-85 ethanol.

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