Gas Prices Going Down

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ST. LOUIS, MO (KTVI) - There is good news for St. Louis area drivers, as the average price for a gallon of gas in the area has matched the lowest of the year.  The average on the Missouri side of the river is $3.10 per gallon, though in many places it’s lower.  Along Page Avenue, the price was $3.05, and some south St. Louis County station were offering $2.99 per gallon for those paying cash.

The latest drop comes just three months after a spike that had St. Louisans paying $4 per gallon and experts predicting that number to rise as high as $5 by mid-summer.  That clearly didn’t happen, though many drivers were nervous at that point.

“I was real concerned, one man told us while filling up Monday morning.  “I ended up buying a motorcycle and stuff and was planning on riding back and forth to work on that.  That’s pretty much where I was going sir.”

Prices began settling in April when tensions with Iran calmed and some domestic refinery issues were settled.  Now we seem to be benefiting from those effects on the market.

There were weekend reports that Tropical Storm Debby might send gas soaring, but with the storm shifting away from platforms off the Louisiana and Texas coasts, those fears appear to be easing.   

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