Syrian Conflict Could Cause Gas Prices to Rise
ST. LOUIS, Mo. (KMOX) — The debate over whether the U.S. will take military action in Syria is affecting gasoline prices in Illinois and Missouri.
The statewide average is $3.76, according to the Triple-A Fuel Gauge Report, down three cents from a month ago. But Triple-A spokesman Beth Mosher says the saber-rattling about Syria is having an effect in recent days.
“Even though the price right now is $3.76 and it’s down from a month ago and also considerably down from a year ago, it is up from a week ago, and that’s probably the real story here, that prices are rising when they should be falling,” she said.
Syria is not a large oil producer, but Mosher says political tension in the Middle East always affects oil prices. She says barring a crisis in Syria, and any hurricanes that disrupt the oil supply from the Gulf of Mexico, the retail price of gas should start to drop in mid- to late September.
The average price of gas for Illinoisans last year at this time was $4.12.
The average Missourian is paying $3.49 a gallon, according to the Triple-A Fuel Gauge Report.
In St. Louis that’s a cent less at $3.48. But the same story that is playing out in Illinois rings true in Missouri.
Gas prices are down from a month ago, $3.55, and down from a year ago, $3.69, but prices have risen 5 cents since last week.