Gas prices climbing across Kansas

(KOSA)
Published: May. 9, 2018 at 6:24 AM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

We're nowhere near back to the $3 mark for a gallon of unleaded gasoline, but Kansas has seen an increase at the pump in recent days. Compared to recent weeks, the jump may be eye-opening to drivers who budget for fuel and closely monitor costs.

According to GasBuddy.com, the Topeka area has gas prices ranging from $2.47 a gallon to $2.54 a gallon. The average Wichita price is a little below the Kansas average of $2.57. The Sunflower State is below the national average of $2.81, but the recent jump is noticeable.

Experts cite two main factors that are causing the current increase. The first of these is the Iran nuclear deal which President Donald Trump pulled out of Tuesday. Oil prices have increased over the past few weeks because this move was anticipated.

Crude oil this week topped $70 per barrel for the first time in four years. Oil prices generally lead gas prices. So, since the price of oil has gone up, so have gas prices.

Another factor playing a role in the higher cost at the pump is a simple matter of supply and demand. Summertime is fast approaching, which means more people are getting ready to hit the road.

One expert says if you're worried about the increased fuel prices, your best option is to shop for the lowest price.

"Gas prices vary from state to state and even neighborhood to neighborhood so finding that low price and doing that over the course of the year can save you a few hundred dollars," says Patrick Dehaan with

GasBuddy.com.

Industry experts also say the general increase across the market is driven by the phasing in of summer-grade gas, which can cost providers a little more.