May 29, 2008

Missouri Gas Prices Still Pumped Up

Missouri motorists in search of good news at the gas pump before the Memorial Day weekend were likely disappointed. The latest survey of fuel prices from the Missouri Department of Natural Resourcesí Energy Center shows no let-up to the rapid rise of gasoline and diesel prices.

Unleaded fuel prices in Memphis topped $3.70 on Memorial Day weekend.

The May 19 survey of service stations throughout Missouri found an average regular gasoline price of $3.62 per gallon, another in a long series of record highs. That price was up 25 cents from a month ago and 40 cents more than last year at this time, according to the Energy Centerís biweekly Energy Bulletin.

Those filling up with diesel fuel were faring even worse, seeing average state prices at $4.36, up 31 cents from last month and $1.61, or 59 percent, higher than a year ago.

The prices are being driven by continued record crude oil costs. Crude oil prices broke a new record again Wednesday with futures for July delivery on the New York Mercantile Exchange settling at $133.17 per barrel, as US crude oil stockpiles fell and industry analysts projected even higher costs to come.

For those planning weekend trips and thinking about ways to save on fuel, the Energy Center provides a Web page that features tips on fuel economy, driving techniques and trip planning. The ďSaving Green on GasolineĒ page is located on the departmentís Web site at www.dnr.mo.gov/energy/savinggreen.htm. The page also has links to Missouri carpool organizers and mass transit providers, and tips about shopping for energy-efficient vehicles.

The departmentís Energy Bulletins is available online at www.dnr.mo.gov/energy/transportation/fb.htm.

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