Gas Prices Fall Across Nation as Supplies Increase
KANSAS CITY, Mo. — There’s some good news for drivers this summer, as gas prices across the metro area have tumbled nearly 30 cents in the last month – and experts say that those prices could fall even further.
The average price for a gallon of gas in the Kansas City area is around $3.33, with prices a few cents higher on the Kansas side. That is down from $3.63 a gallon just a month ago, and roughly on pace with prices from this time last year.
Earlier forecasts had gas prices spiking near $4 a gallon this summer, but experts say that increases in both petroleum supplies and oil production in the Middle East make it unlikely that gas prices will reach that high this year.
However, experts warn that any renewed political instability in the Middle East could send oil prices rising quickly.
According to a federal report last week, nationwide gas prices were around $3.79 a gallon – up just eight cents from this time last year.
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