ST. LOUIS (KMOX) – You might be doing double-takes as you pass a gas station these days — but yes, prices really are that low.

Analyst Patrick DeHaan with price-tracking website GasBuddy, says wholesale gasoline prices took a beating late last week and that’s now being reflected at the pump.

“Almost like overnight, refiners finished their maintenance to open up the spigot that delivers that gasoline to supply,” DeHaan says. “That is what’s fueling the huge plunge we’re seeing.”

Gas can be had for as low as $1.51 in Oakville, and even in Illinois it’s going for well below $2.00 a gallon.

GasBuddy shows that the local average is $1.78 and dropping.

(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Follow us on Twitter | Like us on Facebook


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s