Low gas prices mean high spirits for drivers, businesses

2 years 1 month 3 weeks 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
ST. LOUIS (AP) — A suburban St. Louis-based company is offering free test-preparation classes for high school students in... More >>
7 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 2:25:00 PM CDT September 16, 2019 in News
COLUMBIA - Curbside recycling was not collected Monday due to "severe collection staff shortages," the city said. There was... More >>
7 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 1:28:00 PM CDT September 16, 2019 in News
MILLER COUNTY - A man pleaded guilty Monday to child molestation, prosecutors said. Dillon J. Robertson pleaded guilty to... More >>
8 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 1:12:00 PM CDT September 16, 2019 in News
COLUMBIA - Interim Columbia Police Chief Geoff Jones will officially remove the interim label from his job title at Monday... More >>
8 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 12:47:00 PM CDT September 16, 2019 in News
COLUMBIA - Police Chief Geoff Jones was sworn in Monday night during a Columbia City Council meeting. Jones became interim... More >>
8 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 12:47:00 PM CDT September 16, 2019 in Continuous News
COLUMBIA - Adults who never received a high school diploma will soon have a second chance to go back to... More >>
12 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 9:27:00 AM CDT September 16, 2019 in News
JEFFERSON CITY - A family of four is getting help from the Red Cross after a fire forced them from... More >>
16 hours ago Monday, September 16 2019 Sep 16, 2019 Monday, September 16, 2019 4:32:00 AM CDT September 16, 2019 in News
JEFFERSON CITY — The River City Habitat for Humanity housed more than 1 million nails over the weekend. Mid... More >>
22 hours ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 10:31:00 PM CDT September 15, 2019 in News
COLUMBIA - The mother of one of the victims in Columbia's two weekend homicides described her daughter as "a really... More >>
23 hours ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 10:05:00 PM CDT September 15, 2019 in News
To start this climate conversation, we have to begin somewhere. So, let's start with the basics: the difference between weather... More >>
1 day ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 8:45:00 PM CDT September 15, 2019 in Weather
JEFFERSON CITY - Three people died in a crash Sunday afternoon in Cole County while a driver fled from police... More >>
1 day ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 8:39:00 PM CDT September 15, 2019 in Top Stories
COLUMBIA - Interim Police Chief Geoff Jones will officially make the switch to permanent police chief in a swearing-in Monday.... More >>
1 day ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 3:40:00 PM CDT September 15, 2019 in News
BOONVILLE, Mo. (AP) — The family of a South Dakota woman who was found shot to death in Missouri last... More >>
1 day ago Sunday, September 15 2019 Sep 15, 2019 Sunday, September 15, 2019 2:39:29 PM CDT September 15, 2019 in News
JEFFERSON CITY - Officers have taken a man into custody in relation to a shots fired incident on Sept. 3... More >>
1 day ago Saturday, September 14 2019 Sep 14, 2019 Saturday, September 14, 2019 9:51:00 PM CDT September 14, 2019 in News
JEFFERSON CITY - Officers responded to reports of a car crashing into a home in the 900 block of Sardonyx... More >>
1 day ago Saturday, September 14 2019 Sep 14, 2019 Saturday, September 14, 2019 9:45:00 PM CDT September 14, 2019 in News
JEFFERSON CITY - A truck crashed into the Ventura Townhome complex Saturday morning in relation to a domestic assault, according... More >>
2 days ago Saturday, September 14 2019 Sep 14, 2019 Saturday, September 14, 2019 5:20:00 PM CDT September 14, 2019 in News
JEFFERSON CITY - The 4th annual Tunnel to Towers 5K was held at the Governor's Garden on Saturday. This... More >>
2 days ago Saturday, September 14 2019 Sep 14, 2019 Saturday, September 14, 2019 4:29:00 PM CDT September 14, 2019 in News
JEFFERSON CITY — The Jefferson City Police Department announced its participation in the National Child Passenger Safety Week enforcement campaign... More >>
2 days ago Saturday, September 14 2019 Sep 14, 2019 Saturday, September 14, 2019 3:37:00 PM CDT September 14, 2019 in News
Columbia, MO
Broken Clouds 78°
10pm 77°
11pm 76°
12am 75°
1am 74°