In past week, average statewide gas price rose nine cents to $2.37.
TOPEKA, Kan. – Jan. 15, 2018 – Kansas motorists are paying a lot more at the gas pumps this week. The average gas price across the state rose to $2.37/gallon, a nine-cent increase in the past week. The higher prices continue to buck the usual winter trend of decreasing prices at the gas pumps.
“Normally at this time of year, we experience falling gas prices, but demand has remained higher than expected,” said Shawn Steward, AAA Kansas spokesman. “Crude oil prices have also been fairly high to start 2018. These factors have kept prices at the pump higher than a typical winter.”
Kansas’ average gas price ranks 13th lowest in the United States this week and is 16 cents less than the national average. Of the 10 Kansas cities regularly highlighted by AAA Kansas (see chart below), all saw gas price increases this week, with the largest rises occurring in Lawrence (+16 cents), Kansas City, Kan. (+15), Garden City (+12), Salina (+10) and Wichita (+10).
According to AAA Kansas, this week’s Kansas gas price extremes are:
HIGH: Hill City (Graham County) – $2.62
LOW: Walton (Cherokee County) – $2.24
Nationwide, the average gas price rose four cents to $2.53/gallon, after registering at $2.49 the last two Mondays. The $2.49 average pump price was the highest at the start of a year since 2014.
Late last week, the Energy Information Administration’s (EIA) first 2018 petroleum status report showed that despite gasoline demand increasing to 8.8 million b/d on the week, gasoline inventories bubbled up by 4.1 million bbl to measure at 237 million bbl nationally. Total gasoline inventories in the U.S. are now just over 3 million bbl below inventory levels at the same time last year, yet they are 3.4 million bbl above the five-year average. Much of the growth can be attributed to total U.S. refinery utilization holding above 95% last week. However, the high run rate is likely to drop in the coming weeks as demand is expected to drop — impacting how much gasoline is produced — and planned maintenance at some refineries begins.
Gas Price Trends in Select Kansas Cities
Bordering states and rank in lowest gas prices around the country
AAA Mobile App
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.