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Kansas gas prices continue to fall

Published on -8/20/2014, 4:46 PM

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By Steven Tendo

The Garden City Telegram

Gasoline prices have continued to fall in Kansas but the impact has not yet been felt by consumers in Garden City.

A report from GasBuddy, an organization that studies gas prices, indicated that average retail gasoline prices in Kansas have fallen 4.8 cents per gallon in the past week, averaging $3.25 per gallon by Sunday.

The report based this information on a daily survey of 1,329 gas outlets in Kansas. "This compares with the national average that has increased 2.3 cents per gallon in the last week to $3.49 per gallon," the report said.

Including the change in gas prices in Kansas during the past week, the report went on to list that prices on Sunday were 24.7 cents per gallon lower than the same day one year ago and are 14.4 cents per gallon lower than a month ago.

The national average has decreased 8.9 cents per gallon during the last month and stands 4.2 cents per gallon lower than this day one year ago.

But consumers at a few gas stations and companies in Garden City were not generally aware of any change.

"It is pretty much the same. What can we do about it?," Macos, who drives a Chevrolet truck, and was just about to drive away from a station, said. He says he still has to spend $75 a month, and if there are any changes in the prices, they have not reached his pocket.

Samuel Tyler, who drives a Ford Taurus, says the prices have not made a big difference to him either. "I have noticed the change in prices, but on the whole, it is negligible."

A gentleman, who declined to give his name, said he believes he has actually received a double blessing with the drop in prices, since he receives points for shopping at one of the big stores, which also gets him cheaper fuel.

"I might not feel the change right now, but I know at the end of the year, I know that will count for something," he said.

A senior petroleum analyst, Patrick DeHaan, said the national average has dropped to its lowest since Febrary and, with the end of the summer driving season nearing, prices will likely continue to fall.

"Oil prices last week dropped to $95/per barrel briefly before rising the next day back to $97 per barrel, but the important factor is that prices remain under triple digits," he said.

After Labor Day, demand for gasoline typically drops, he added, and gas companies switch back to cheaper winter gasoline which also puts more downward pressure on prices in mid-September.

"While a short-term increase in gasoline prices is never out of the question," DeHaan said, "as we grow nearer to September, the likelihood of a spike decreases. It won't be long before we'll start to see a few cities seeing averages under $3 per gallon: areas of Tennessee and South Carolina are already getting close."

(c)2014 The Garden City Telegram

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