Low gas prices mean high spirits for drivers, businesses

4 months 2 weeks 4 days ago Tuesday, July 25 2017 Jul 25, 2017 Tuesday, July 25, 2017 3:15:00 PM CDT July 25, 2017 in News
By: Evan Lachnit, KOMU 8 Reporter
loading

COLUMBIA - Summer road trips are going to be cheaper for Missouri drivers this year.

According to AAA, the state has the 8th lowest average price of gas in the U.S.

And it appears gas prices should stay steady throughout the rest of the summer. 

"I really don't see a reason for gas prices to vary from where they are at," said senior petroleum analyst Patrick DeHaan of GasBuddy.com. 

DeHaan said he expects gas prices to stay between about $2.00 and $2.20 across the state for the rest of summer. 

"It should be a fairly quiet summer with gas prices remaining very similar to what they were last year, maybe a touch higher," DeHaan said. 

That is good news for summer travelers and families going on vacation throughout this summer. But drivers are not the only ones who keep a close eye on gas prices when the temperatures rise. 

Braden Tyrer, owner of Mow-It-Alls, said gas prices are very important to his lawn mowing business. 

"There will usually be a large spike in gas prices which we have to account for by bidding appropriately at the beginning of the season," Tyrer said. "This year with projections showing that gas prices are going to be remaining fairly static moving forward, it is going to be really nice for us because we budgeted for it at the beginning of the season." 

Tyrer said it is important for the company to have competitive prices because people have lots of options when it comes to lawn care businesses.

"Obviously fuel expenses are one of our most key expenses that we have to plan for," Tyrer said. 

He said when gas prices go up significantly like in years past, it can cripple his company's margins. He said Mow-It-Alls does its best to try to keep prices and rates competitive. 

"But if the fuel costs are going up...that is really going to hurt us. We can plan for it as best we can, but obviously are margins are thin and it's something we don't want to have happen," Tyrer said. "So when you see fuel prices staying around $2.00 a gallon and they are going to remain that way for the rest of the season, it is almost like a sigh of relief." 

He said the company uses up to 200 to 300 gallons of fuel a week during the summer. 

DeHaan said he thinks lower prices could be the norm for the next few years.

"I would say that in three to four years, oil prices could be a bit higher, but still far lower than what we have seen record levels," DeHaan said. 

DeHaan said he could only see an unexpected increase in gas prices happen if there is a hurricane or some natural disaster in the Gulf Coast this summer. 

 

 

More News

Grid
List
COLUMBIA - The man found dead at an Old Hawthorne home Monday morning was the son of a Clark County... More >>
30 minutes ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 7:21:00 PM CST December 12, 2017 in News
COLUMBIA - Missouri has entered in a new foster care study that will look at foster parent recruitment and retention.... More >>
1 hour ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 6:51:00 PM CST December 12, 2017 in News
AUDRAIN COUNTY - A criminal investigation is underway in a deadly vehicle fire where foul play is suspected. Audrain... More >>
2 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 5:08:00 PM CST December 12, 2017 in News
COLUMBIA - Cover Missouri, a coalition promoting sign ups for the Affordable Care Act, held an open-enrollment event at the... More >>
3 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 4:41:00 PM CST December 12, 2017 in News
JEFFERSON CITY - The 2018 Jefferson City council elections only have one contested seat: 5th Ward Council member. Incumbent... More >>
3 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 4:41:00 PM CST December 12, 2017 in News
COLUMBIA - Police are still investigating the death of Augustus Roberts, the man found dead at a home in the... More >>
4 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:46:00 PM CST December 12, 2017 in News
COLUMBIA - The Truman VA’s Intensive Care Unit (ICU) went live with a new Tele-ICU technology on Tuesday. Tele-ICU... More >>
4 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:46:00 PM CST December 12, 2017 in Continuous News
COLUMBIA - Troopers arrested a man on Tuesday after a high-speed chase which started south of Ashland and ended in... More >>
4 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:38:00 PM CST December 12, 2017 in News
VERSAILLES - Prosecutors filed charges against three employees of the Morgan County Jail on Monday, including a nurse accused of... More >>
5 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:37:00 PM CST December 12, 2017 in News
COLUMBIA - Missouri has become the 34th state, in addition to two territories, to accept a nationwide public safety network.... More >>
5 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:35:00 PM CST December 12, 2017 in News
NEVADA (AP) — Two inmates who were captured soon after breaking out of a western Missouri jail face new charges.... More >>
5 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:20:00 PM CST December 12, 2017 in News
ASHLAND – Those who live around Ashland were able to avoid paying an online convenience fee or driving to Columbia... More >>
5 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:16:00 PM CST December 12, 2017 in News
JEFFERSON CITY - Legislation for a primary seatbelt law has been filed by the Missouri House Transportation Committee chairman. This... More >>
6 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 1:03:00 PM CST December 12, 2017 in Top Stories
KANSAS CITY, Kan. (AP) — Firefighters have found two bodies while battling a blaze in a Kansas City, Kansas, home.... More >>
7 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 11:53:16 AM CST December 12, 2017 in News
COLUMBIA - Rabbi Avraham Lapine and his wife, Channy, dreamed of dedicating their lives to the Jewish community. In... More >>
8 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 11:46:00 AM CST December 12, 2017 in News
CARTHAGE (AP) — A former employee of a Carthage rehabilitation center was sentenced to 10 years in prison for stealing... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 10:38:59 AM CST December 12, 2017 in News
COLUMBIA - Police found 23 individually vacuum-sealed plastic bags of marijuana on Monday in a package delivered by FedEx. ... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 10:22:00 AM CST December 12, 2017 in News
ST. JOSEPH (AP) — A Missouri woman has been charged in the drowning death of her 6-month-old son. The... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 9:54:03 AM CST December 12, 2017 in News
Columbia, MO
Broken Clouds 27°
8pm 28°
9pm 28°
10pm 30°
11pm 30°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
The Voice
8:00p
Gwen Stefani's You Make It Feel Like Christmas
9:00p
Chicago Med
7:00p
Greatest Holiday Commercials Countdown 2017
8:00p
The Victoria's Secret Fashion Show
9:00p
KOMU 8 News @ Nine on The CW

Tonight's Schedule

7:00p
The Voice
8:00p
Gwen Stefani's You Make It Feel Like Christmas
9:00p
Chicago Med
7:00p
Greatest Holiday Commercials Countdown 2017
8:00p
The Victoria's Secret Fashion Show
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld