How gas prices have changed in Joplin in the last week (2024)

How gas prices have changed in Joplin in the last week (1)

Joplin, MO News

Written by:

Cole Miller

June 3, 2024


How gas prices have changed in Joplin in the last week

Prices at the pump are down several cents on average this week compared to last as the Organization of the Petroleum Exporting Countries announced it will continue production cuts for oil through the remainder of this year and into the next. A gallon of regular gasoline remains roughly the same price on average as it was this time one year ago.

In a statement Monday, GasBuddy analyst Patrick De Haan said he doesn't anticipate the extension of those cuts to place upward pressure on prices. With demand for gas falling since Memorial Day weekend and "refiners inputting the largest amount of oil into their facilities in years, it's very likely we'll continue to see gas prices fall as we approach July 4."

In April, higher gas prices were adding to consumers' anxiety about the future of the economy, adding to a continued monthslong decline in the consumer confidence index. That confidence level rose some with the most recent reading in May, though it still sits at a level that typically signals a recession is on the horizon.

Stacker compiled statistics on gas prices in Joplin, MO metro area using data from AAA. Gas prices are current as of June 3.

Joplin by the numbers
- Gas current price: $2.98
--- Missouri average: $3.14
- Week change: -$0.02 (-0.8%)
- Year change: -$0.15 (-4.9%)
- Historical expensive gas price: $4.52 (6/16/22)

- Diesel current price: $3.28
- Week change: -$0.05 (-1.4%)
- Year change: -$0.26 (-7.3%)
- Historical expensive diesel price: $5.29 (6/21/22)

Metros with the most expensive gas
#1. Napa, CA: $5.42
#2. Santa Rosa, CA: $5.31
#3. Salinas, CA: $5.28

Metros with the least expensive gas
#1. Amarillo, TX: $2.85
#2. Lubbock, TX: $2.86
#3. Chattanooga (TN only), TN: $2.90

This story features writing by Dom DiFurio and is part of a series utilizing data automation across 371 metros.

Explore by Metro

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How gas prices have changed in Joplin in the last week (2024)


Why did gas prices suddenly go up? ›

Underlying the higher costs of gas are routine factors including refinery maintenance, the switch to summer gasoline and rising demand. Domestic supply is also impacted as refineries take advantage of milder weather conditions to do necessary maintenance.

Why has gas gone up in Missouri? ›

Nick Chabarria, a AAA spokesman, said recent events have resulted in high demand for gasoline in Missouri. Families hitting the road for spring break and sky watchers heading to the St. Louis area for Monday's eclipse led to increased demand and increased prices.

What days are gas prices highest? ›

In general, gas prices tend to be lowest at the beginning of the week, on Monday and Tuesday, GasBuddy's lead petroleum analyst Patrick De Haan told Nexstar. As the week goes on, gas prices tend to rise until they reach their most expensive point on the weekend – especially on Friday and Saturday.

How much is gas in Missouri right now? ›

Missouri average gas prices
Current Avg.$3.135$3.784
Yesterday Avg.$3.136$3.784
Week Ago Avg.$3.164$3.809
Month Ago Avg.$3.284$3.929
1 more row

Is there a gas shortage in 2024? ›

EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 102.99 bcfd in 2024 as several producers reduce drilling activities after gas prices fell to a 3-1/2-year low in February and March. In 2025, EIA projected output would rise to 104.79 bcfd.

What is the future gas price prediction? ›

According to our Gas price prediction, GAS is forecasted to trade within a price range of $ 3.46 and $ 6.46 next year. Gas will increase by 28.41% and reach $ 6.46 if it reaches the higher value target for 2025.

Why is Missouri gas so cheap? ›

In Missouri, geography helps keep prices low. The state doesn't have any oil refineries, and its share of U.S. crude oil production is so small that the Department of Energy reports it as 0 percent.

How much was gas in 2000 in Missouri? ›

31 more rows

Why do some states have higher gas prices? ›

The short answer: state taxes and proximity to oil refineries and pipelines, according to oil and gas experts. “We're all subject, more or less, to the same crude oil prices,” said Hugh Daigle, an associate professor at The University of Texas at Austin's department of petroleum and geosystems engineering.

What day is fuel cheapest? ›

Based on historical pricing data, the ACCC says the magic day of the week is Wednesday for buying cheaper petrol in Sydney, Melbourne, Brisbane, Adelaide and Perth.

How much profit does a gas station make per gallon of gas? ›

Retailers Make Very Little Selling Gas

Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.

What is the best time of day to buy gasoline? ›

Early in the morning when the temperature is the lowest. Fuel is sold by the gallon, but the density of fuel varies with temperature. A warm gallon of fuel will weigh less than a colder gallon of fuel. The energy potential of fuel has more to do with weight than volume.

What is the cheapest day to buy gas in Missouri? ›

The Best Day To Buy Gas: Monday

Analyzing gas price stats from January 1, 2021, to December 16, 2021, GasBuddy found that Monday consistently offered the lowest average gas price in 17 states and is the best day to buy gas.

Where is the cheapest gas in the US? ›

Mississippi has the lowest price of gas, with an average of $3.00 per gallon of regular gas.

What state has the most expensive gas? ›

Most expensive US states for gas
  • California ($5.45)
  • Hawaii ($4.78)
  • Washington ($4.67)
  • Nevada ($4.63)
  • Oregon ($4.44)
  • Alaska ($4.37)
  • Arizona ($4.13)
  • Utah ($3.96)
Apr 22, 2024

Why did the gas company prices go up? ›

A pipeline explosion in 2021 had already reduced capacity to move gas from Texas and neighboring states, where much of California's supply comes from. Additionally, the past few months in California have been especially cold, creating an unusually high demand for heating.

Who controls gas prices in the USA? ›

Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.

Why are oil prices going up? ›

The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation. Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East.

Why are AZ gas prices so high? ›

Between the lines: Arizona gas prices are almost always higher than the rest of the country because our car-dependent cities keep demand high, he added. Plus, California refineries tend to produce the most expensive fuel because of that state's taxes and environmental regulations.


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