Gas prices have hit new record highs in Missouri, Illinois

ST. LOUIS – If you’ve filled up your tank in the past few weeks, you probably winced at the tally. That’s because gas prices are now through the roof in record territory.

AAA Missouri Gas Watch shows that the average price for a gallon of regular unleaded gasoline in Missouri hit a new record high of $3.98 per gallon. That’s 16 cents more than this time last week. AAA reports another record in the St. Louis area, where the average price is now $4.10 a gallon. Illinois also set a record, according to AAA, which now has an average gas price of $4.79 per gallon.

Nick Chabarria, a spokesman for AAA Missouri, says gas prices have risen in recent weeks due to continued volatility and uncertainty in the global crude oil market.

“We saw the first big jump in March after the Russian invasion of Ukraine,” Chabarria said.

As the nation slowly emerges from the pandemic, demand for gasoline has returned, particularly in the summer travel months.

“In the past, when gas prices have risen, we’ve found that people don’t necessarily cancel their trips, but instead find ways to save some money by not eating as much or looking for other accommodations,” Chabarria said.

Chabarria predicts that unleaded gasoline prices will continue to rise in the near future. Diesel and jet fuel prices are also likely to continue to rise throughout the summer, according to the AAA.

“At least in the short term, we can certainly talk in the next week or two [predict] “Forcing prices to keep going up, which would mean for Missouri and Illinois drivers to hit record highs practically every day here,” said Chabarria, a bit of a roller-coaster ride this year.”

For the latest AAA report on gas prices, Click here.

https://fox2now.com/news/gas-prices-set-new-highs-in-missouri-illinois/ Gas prices have hit new record highs in Missouri, Illinois

Nate Jones

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