Good news for drivers as gas prices took a tumble in St. Louis last week.
Retail prices fell nearly 7 cents per gallon averaging $3.43 a gallon on Sunday. This is according to GasBuddy's daily survey of 983 gas outlets in St. Louis. This compares with the national average which was $3.57 a gallon last week. Prices yesterday were almost 20 cents per gallon lower than the same day one year ago.
If you've filled up the gas tank over the past few days, you noticed gasoline prices in St. Louis have risen 21.4 cents per gallon in the past week, averaging $3.63 per gallon Sunday, according to GasBuddy's daily survey of 983 gas outlets in St. Louis.
This compares with the national average that has increased 11.7 cents per gallon in the last week to $3.62 per gallon, according to gasoline price website GasBuddy.com.
SPRINGFIELD, Ill. (AP) - Illinois transit advocates are proposing a plan to fix the state's deteriorating roads through a new tax that would raise the price at the gas pump, The Associated Press has learned.
The Transportation for Illinois Coalition says the $800 million dollar a year plan is necessary to get a toehold on needed repairs to roads, bridges and rails.
The influential group is pushing legislation to replace the current 19 cents per gallon motor fuel tax with a 9.5 percent wholesale tax. It would add about 14 cents to today's price of a gallon of gas.
Coalition co-chairman Doug Whitley laid out the plan for the AP in advance of making it public.
The proposal would also increase vehicle licensing fees.
Bill Fleishli of the Illinois Petroleum Marketers Association says the fuel tax would hurt business.
The St. Louis Post-Dispatch reports that gas prices in the St. Louis area are 20 cents higher per gallon than they were this time last year. A gallon of regular unleaded is running more than $3.60 at most stations on the Missouri side of the Mississippi -- up about 50 cents in the last month. Prices are closer to $3.90 in the metro-east.
Several reasons are being given for the jump at the pump, including maintenance at several refineries and early switch over to summer blends. But the paper reports that commodities speculators may be the real force behind the increase, since they now dominate the oil market.
You most likely noticed over the weekend gas prices went up 26.8 cents per gallon in the past week, averaging $3.73/gallon yesterday putting our prices above the national average of $3.68 a gallon.
This is according to GasBuddy's daily survey of 983 gas outlets in St. Louis. This compares with the national average that has increased 11.9 cents per gallon in the last week to $3.68/gallon.
Generally, St. Louis is lower than the national average. Just a week ago, locally we were paying $3.47 per gallon. A month ago, the price was $3.05. Analysts say seasonal maintenance at refineries, this time of year, can crimp supplies and drive up prices.