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Reports: Gas prices below $2 in southwest Mo.

Monday, October 27, 2008 | 3:24 p.m. CDT

SPRINGFIELD — Gasoline prices in Missouri are well below the national average, with a few retailers selling fuel for less than $2 a gallon.

KTTS/FM in Springfield reported Monday that gasoline in Nixa was selling at one retailer for $1.98 per gallon. Springfield's KYTV-TV reported fuel selling for $1.97 in Carthage, $1.97 in Nixa and $1.99 at a Cassville retailer.

Triple-A says Missouri gas prices have fallen from $3.41 to $2.33 in the past month. The auto club's Fuel Gauge Report said the national average is $2.66, about $1 less than the average a month ago.

Oil prices traded below $63 a barrel Monday morning, despite OPEC's sizable output cut last week. Instead, investors are focusing on growing evidence of a severe global economic slowdown that would undermine demand for crude.

 


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