Wyoming Gas and Oil Prices Down

Gas prices in flux

Gas prices in flux

It was $2.95 last Monday.

That's still high compared with recent history - 19 cents more than a month earlier, 36 cents more than a year ago, and 93 cents more than the average for the week of February 15, 2016. In addition, a weekly report from the government showed a trifecta of inventory increases: crude oil, gasoline and distillate inventories all gained, pushing wholesale gasoline prices down and paving the way for gas prices to cool off.

As a result, many consumers are paying more for gas, the release said. Leading the declines were Lawrence (-6 cents) and Pittsburg (-4), while Kansas City, Kan., Manhattan, Topeka and Wichita all fell three cents per gallon.

According to AAA, the national average price is $2.58 a gallon.

Prices are still almost 30 cents a gallon higher than a year ago and more than 9 cents higher than a month ago.

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Drivers in the West Palm Beach-Boca Raton market paid the state's highest average price, at $2.74. "Motorists filling up in the Midwest, South and East Coast are most likely to see the positive change at the pump", said AAA Kansas' Haugh.

Despite the USA supply only registering a half a percent increase according to the EIA's weekly report, it was a key reason in the drop of oil price. According to the U.S. Energy Information Administration, prices began to shift midway through last week with gains in both domestic production and inventory. Hitting its highest level this year, gasoline demand registered at 9.1 million b/d, a 169,000 b/d increase year-over year.

Florida ranks 13th nationally for the most expensive gas.

Gas could be found for $2.50 or less at 53 percent of gas stations across the country, the motor club said in a statement.

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