August 27, 2008 11:54 am
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ST. LOUIS (AP) — Gasoline prices are down significantly across Missouri, but that trend may soon come to an end.
AAA Auto Club’s latest fuel price index shows Missouri has the nation’s lowest gasoline price with an average of $3.42 for a gallon of regular unleaded. Some Missouri cities are even lower, including St. Louis, with an average price of $3.31.
That’s nearly 70 cents per gallon cheaper than the record gas prices reached in mid-July. AAA’s Mike Right cites the decline in crude oil and wholesale gasoline prices as the reason.
But Right says prices may be going up again. Wholesale gas prices have risen 25 cents per gallon in the last week. And Hurricane Gustav is threatening the Gulf Coast, raising concerns it could damage refineries.
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