Brett BlumeBy Brett Blume

ST. LOUIS (KMOX) – Nobody’s complaining about the changing gas prices these days because every time they do change, they are dropping lower.

In fact, the local average has dipped well below $3 a gallon, and prices haven’t been this low in about four years.

AAA spokesman Mike Right explains what is behind the lower prices:

“The main driving force right now is the cost of crude oil, and the overabundance of crude that’s on the market worldwide,” he says. “We’ve seen crude oil go from over $115 a barrel down to what it’s selling for now, it’s about $83 a barrel.”

That’s driven down wholesale gasoline prices to $2.25 a gallon.

Prices around St. Louis are as low as $2.48 this morning and the average is $2.66.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)



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