Oct 14, 2021 4:12 PM

Gas prices at levels not seen in several years

Posted Oct 14, 2021 4:12 PM

By NICK GOSNELL

Hutch Post

HUTCHINSON, Kan. — Reno County gas prices are at $2.98 a gallon, which is still lower than average in Kansas.

"We've reached a milestone that drivers are probably not that happy about," said Shawn Steward with AAA Kansas. "We reached $3 a gallon on average in Kansas. That comes almost exactly seven years after the last time we were at that level."

October is not normally a high time for gas prices.

"We typically see prices start to decline this time of year, after summer vacations are over and people get back to school," Steward said. "We typically see less demand for gas, which lowers prices."

More than half of the price at the pump comes from crude oil.

"High crude oil prices are the primary factor driving the higher costs and prices at the pumps," Steward said. "Crude oil prices rose pretty quickly following OPEC and its allies choosing not to move forward with an agreement to produce an additional 800,000 barrels per day in November. Instead, they decided to maintain a previously agreed upon 400,000."

November West Texas Crude was above $80 a barrel as of Thursday morning.