The fundamentals are working in favor of drivers this week at the pump.
“Gasoline stocks have been steadily increasing over the past few weeks,” said Shawn Steward with AAA Kansas. “Gasoline demand has now started to slow after the busy holiday travel week. This trend is creating cheaper gas prices for Kansans.”
The average price for a gallon of gas in Kansas as of Wednesday is $2.30 a gallon.
“Gas prices in Kansas are 9th cheapest in the country,” said Steward. “When we look at a year ago, we were at about $2.14 a gallon here in Kansas. We’re a little bit higher than we were a year ago.”
Failure to make a trade deal with China may actually help those looking to drive long distances in the coming weeks.
“Global prices fell last week amid continued concerns about trade talks among China and the United States not yet being solved,” said Steward. “As those tensions persist, we could see crude oil prices
If that happens, it will mitigate the increased holiday driving demand and keep gas prices down.