After steady decline in St. Louis area, gasoline drops below $3 a gallon (2024)

By Lisa Brown314-340-8127

ST. LOUIS • Drivers took double takes at the signs outside some St. Louis area gas stations Wednesday as gasoline dipped below $3 a gallon, a rare sight in the past 10 months.

A gallon of regular gasoline sold for $2.989 a gallon at some stations this week, far below the national average and among the lowest prices in the past year.

At least one station — the Phillips 66 at 2724 Watson Road in the Clifton Heights neighborhood — was priced below $2.90 a gallon, if a car wash also was purchased.

“I love this,” said St. Louis County & Yellow Cab Co. taxi driver James Myers after he paid $2.999 a gallon for gas at a QuikTrip in south St. Louis. “We pay for our own gas, so I’m able to make more money.”

The lower prices are welcome to motorists who have become used to paying eye-popping prices at the pump. As recently as Sept. 15, the average price of a gallon of unleaded gas in St. Louis was $3.77. And, in mid-March, prices neared $4 a gallon locally as crude oil price hikes sent gas prices soaring nationwide.

People are also reading…

All 12 pumps at the QuikTrip at 2851 Gravois Avenue in south St. Louis were occupied by drivers pumping gas late Wednesday morning, with some cars waiting in queue.

Armando Montez lives in Collinsville, but the low gas prices on the Missouri side of the Mississippi River prompted him to not only fill up his Ford F-150 tank while he was in St. Louis for work, but also fill two small, red portable gas containers.

“They’re for my wife’s car,” he said.

The average price for regular gasoline on the Missouri side of the St. Louis region was $3.056 a gallon on Wednesday, the lowest average price so far this year, according to AAA’s Daily Fuel Gauge Report. It’s down from $3.546 at the end of September.

The last time the average price for a gallon of gas fell below $3 on the Missouri side of the St. Louis region was Dec. 26, 2011.

For the Metro East, where there are higher gasoline taxes, regular was $3.301 a gallon, down from $3.751 a month ago.

Mike Right, vice president of public affairs for AAA Missouri, said he expected the average price of gas locally to remain low and dip below $3 in the coming weeks as Midwest supplies remain strong and demand lowers.

“We haven’t been below $3 this year, and I think we’ll be there,” Right said.

Of course, how long the relief lasts is hard to predict given the volatility in the Middle East, particularly with the nuclear crisis in Iran, and the uncertainty about the strength of the global economy.

Still, gasoline prices are tumbling nationally. The U.S. average is $3.52 a gallon, down from $3.78 a month ago. A year ago, the U.S. average was $3.44 a gallon.

There are several reasons for the recent dip in prices at the pump, said Bill O’Grady, chief market strategist at Confluence Investment Management and a longtime energy market analyst.

Among them: less perceived risk among oil traders that a Middle East conflict could interrupt oil shipments from the region, he said. Also, the global economy remains sluggish.

Domestically, he said, gasoline demand has dropped as it normally does in the fall, after summer driving season ends. And demand for heating oil in the northeast has yet to pick up.

“There’s just a natural drift lower in prices” this time of year, O’Grady said.


Finding low gasoline prices comes with a little work, said Stephanie Wisniewski, who stopped to refuel after she saw the price fall below $3 a gallon. She keeps a close eye on prices, she said, and stops when she finds the lowest.

Shopping around can mean several dollars in savings. A gallon of regular gas at the Mobil Crown Mart at North Jefferson Avenue and Delmar Boulevard was $3.19 Wednesday, and many stations throughout the Missouri side still remained above $3 a gallon.

Some stations’ prices also vary depending on neighboring stations’ prices. A Circle K Shell station near Gravois and Elgin was priced at $2.989 a gallon for regular unleaded gas at midday Wednesday, matching the QuikTrip’s $2.989 price next door. By 6 p.m., the price at both had dropped to $2.969 a gallon.

Fredi Betancourt stopped to fill up an F-150 pickup at the Clifton Heights Phillips 66 before heading to his home in Fairmont City in Illinois. Filling up the pickup, which has dual tanks, typically costs about $150. When prices are even a few cents lower, the savings are meaningful, he said.

“It’s good for my budget,” Betancourt said. “I may be only saving a couple dollars, but it’s worth it.”

Jeffrey Tomich of the Post-Dispatch contributed to this story.

Lisa Brown is a reporter at the Post-Dispatch covering banking and other business news. Follow her on Twitter @LisaBrownSTL and the Business section @postdispatchbiz.



  • St. Louis
  • Gasoline
  • Gas Prices
  • Affton Missouri
  • Aaa Missouri
  • Missouri
  • Clifton Heights
  • Illinois
  • Quiktrip
  • Bill O Grady
  • James Myers
  • Armando Montez
  • Mike Navih
  • Phillips 66
  • Mike Right
  • Confluence Investment Management
  • Stephanie Wisniewski
  • Mobil
  • Fairmont City
  • Jeffrey Tomich
  • Lisa Brown
  • Gas
  • Price
  • Economics
  • Commerce
  • Motor Vehicle
  • Finance

Be the first to know

Get local news delivered to your inbox!

After steady decline in St. Louis area, gasoline drops below $3 a gallon (2024)


What states have gas under $3? ›

Texas, Oklahoma, Missouri, Kentucky, Tennessee, Alabama, Mississippi, Louisiana, Delaware, South Carolina and Georgia are enjoying the lowest average prices, all below the $3 threshold. Eleven states have fallen below the $3 per gallon mark, mostly in the southern region.

Why are gas prices dropping so fast? ›

A key reason is the unusually warm winter that's depressing demand for home heating fuel, said Tom Kloza, global head of energy analysis at Oil Price Information Service. Mr. Kloza predicts the average cost of gas will fall past last year's low point, $3.10, and below $3 per gallon by the end of the month.

Why did gas prices go up in St Louis? ›

Nick Chabarria, a AAA spokesman, said recent events have resulted in high demand for gasoline in Missouri. Families hitting the road for spring break and sky watchers heading to the St. Louis area for Monday's eclipse led to increased demand and increased prices.

Why is gas cheaper all of a sudden? ›

Nationally, the average gas price declined to $3.44 last week, marking a 37-cent drop from a month ago, according to auto club AAA. Prices have plunged almost 10% in part because of flat demand for gasoline combined with a decline in the per-barrel cost of oil, the group added.

Who has the cheapest gas in the United States? ›

Mississippi has the lowest price of gas, with an average of $3.10 per gallon of regular gas.

Who controls the gas prices in the United States? ›

Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.

What states have the highest gas prices? ›

The highest average gas prices are in Hawaii ($4.68 per gallon), California ($4.62) and Washington ($4.04). Oklahoma has the lowest average gas price ($2.59 per gallon), ahead of Arkansas and Missouri (tied at $2.63). Average gas prices jumped the most between Jan. 11, 2023, and Jan.

How to save money on gas? ›

19 Ways to Save Money on Gas
  1. Use a Gas Rewards Credit Card. ...
  2. Download a Gas App. ...
  3. Use Fuel Rewards Programs. ...
  4. Earn Discounts When You Grocery Shop. ...
  5. Join a Membership Club. ...
  6. Drive Less. ...
  7. Stop Idling. ...
  8. Drive Safely.
Dec 5, 2023

Why is gas cheap in Missouri? ›

The state doesn't have any oil refineries, and its share of U.S. crude oil production is so small that the Department of Energy reports it as 0 percent. But because of its proximity to Texas, Oklahoma, and the Gulf Coast states, Missouri is crisscrossed by some of the nation's larger pipelines.

Why is gas so expensive in Missouri? ›

Factors contributing to this increase include rising oil prices, capacity issues at refineries, and the transition to more expensive summer fuel blends.

Why do gas prices keep going up in Missouri? ›

AAA spokesperson Nick Chabarria warned of the likelihood of higher prices looming on the horizon due to elevated crude prices, escalating demand, and the annual transition to summer blend gasoline. Chabarria suggested that gas price averages could rise by an additional five to twenty cents in the foreseeable future.

Does the government control gas prices? ›

But there's no single person who controls gas prices. Instead, gas prices are controlled by the market forces of supply and demand.

Should the government control gas prices? ›

It's been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding “no.” Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.

How can government lower gas prices? ›

One option is decreasing the state tax on gas suppliers, with the aim of reducing prices. Another, which Gov. Gavin Newsom teased in his State of the State address, is some form of rebate to help defray the higher cost of gas.

What state has the worst gas prices? ›

Hawaii has the highest prices and Georgia has the lowest. Data as of May 24, 2023. Western and Pacific states face the most costly gas in the nation, as the seven states with the highest prices are California, Hawaii ($4.76), Washington ($4.62), Arizona ($4.60), Nevada ($4.24), Oregon ($4.19) and Utah ($4.08).

How much is gas in Alaska? ›

State Gas Price Averages
47 more rows

How much is gas in Wyoming? ›

Wyoming average gas prices
Current Avg.$3.382$3.629
Yesterday Avg.$3.381$3.645
Week Ago Avg.$3.365$3.617
Month Ago Avg.$3.183$3.431
1 more row

How much is gas in Hawaii? ›

Hawaii Average Gas Price
Yesterday's Avg.$4.99$5.37
Week Ago Avg.$4.97$5.36
Month Ago Avg.$4.97$5.36
Year Ago Avg.$5-


Top Articles
Latest Posts
Article information

Author: Golda Nolan II

Last Updated:

Views: 5440

Rating: 4.8 / 5 (58 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Golda Nolan II

Birthday: 1998-05-14

Address: Suite 369 9754 Roberts Pines, West Benitaburgh, NM 69180-7958

Phone: +522993866487

Job: Sales Executive

Hobby: Worldbuilding, Shopping, Quilting, Cooking, Homebrewing, Leather crafting, Pet

Introduction: My name is Golda Nolan II, I am a thoughtful, clever, cute, jolly, brave, powerful, splendid person who loves writing and wants to share my knowledge and understanding with you.