Gas prices in Kansas and nationwide continue to drop

Gas prices in Kansas and nationwide continue to drop

Gas prices in Kansas and nationwide continue to drop

States with the highest average gas prices: Hawaii ($3.21), Alaska ($3.18), California ($3.15), Washington ($2.96), OR ($2.80), Nevada ($2.78), Pennsylvania ($2.76), CT ($2.71), NY ($2.68) and Montana ($2.62).

Hoosier drivers have benefited the most from last month to early December with a 40 cent price swing. Brent crude futures declined by $1.28, or 2 percent, to $62.45 a barrel.

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Gas prices in Georgia have declined 20 of the past 21 days, for an average total discount of 7 cents. The highest was about $2.64 per gallon in the Marquette area. The average for Sunday was up 1.2 cents, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. Moving into 2018, market watchers will track domestic oil production investment in the U.S.to determine how much OPEC's latest announcement will influence the market, AAA said.

Gas prices in 2017 have "strayed from typical trends", AAA said.

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OPEC's meeting that was scheduled for November 30, and any decisions to further cut or keep production rates stable, will "influence" longer-term forecasts for 2018. Any strong gains in oil this week should push pump prices higher. Lower demand because of the cooler weather and a cheaper winter blend of gasoline has finally brought relief to consumers.

"However, the overall story this month should be lower gas prices, as demand declines". Last week, Patrick DeHaan, a senior analyst at GasBuddy, said, in essence, there are "more hands in the cookie jar" when it comes to US oil and gasoline supplies. Domestic oil inventory levels are lower than they were last year and gas prices are actually the highest they've been in three years. "Motorists should enjoy the falling prices now because it's likely that prices may again rise approaching the New Year as oil prices continue to show strength".

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