A weekend agreement between Saudi Arabia and Russia to cut oil production hasn’t affected area gas prices yet.
Prices have fallen as low as $1.25 in Eureka, according to www.gasbuddy.com. They are at $1.55 a gallon in Lebo, between $1.52 and $1.57 in Lyndon, $1.69 a gallon in Burlington and New Strawn
Emporia is on the high end of prices areawide, with prices ranging from $1.59 to $1.74. Osage City prices run between $1.72 and $1.82.
The lowest price in the state currently is $1.09 a gallon in Great Bend.
Saudi Arabia and Russia were part of a price war over the past month that flooded the market with oil at a time when demand slumped worldwide. Oil prices plummeted from over $60 a barrel to around $23 a barrel. The two countries are now planning to cut back production by nearly 10 million gallons per day as a way to push those prices back up.
