Gasoline prices in Missouri have dropped to the second lowest in the nation at a $1.51 a gallon on average for regular unleaded. Only Oklahoma has lower prices. Mike Right from Triple A Missouri says crude oil prices had pushed gas prices to near-record levels just last month. Now those oil prices have dropped and gas has followed suit. He says a lot of what was pushing the oil prices up in the first place was what he calls an “anxiety premium.” Right says U.S. military action in Iraq took out some of the unknowns traders had so much anxiety over. However, he cautions gasoline supplies are still low coming into the higher demand of the summer, and prices could rise again.
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