HUTCHINSON, Kan. – The Kansas average price for regular unleaded gasoline has fallen 28 of the last 29 days going back to August 17, according to Triple A Kansas.
During this period the price has fallen over 35 cents per gallon, from nearly $2.58 to an average price now of $2.22.
Here in Hutchinson, the price has dropped below $2.00 at a $1.99 per gallon for regular unleaded.
Compared to September 14, 2014, the average price in Kansas was $3.26 per gallon.
These current prices remain the lowest September averages since 2004.
“Barring any unexpected disruptions in supply or spikes in the price of crude oil, the national average is expected to keep moving lower as we head into the fall,” said Jim Hanni, AAA Kansas spokesman. “Pump prices typically decline during this time of year due to lower driving demand after the busy summer driving season and the changeover to cheaper to produce winter-blend gasoline, which takes place in many parts of the country starting on September 16. U.S. drivers continue to benefit from an oversupplied market and consumers could experience even lower prices at the pump if the price of crude oil remains relatively low and refineries are able to conduct planned seasonal maintenance without issue,” Hanni added.
The global oil market remains volatile and the overall sentiment continues to swing between bulls and bears in response to recent reports. The International Energy Agency is predicting that production from non-OPEC countries will fall by its largest increment in 24 years,