Gas Hits $1.75 Average in Oklahoma

Gasoline prices in Oklahoma have dropped to a new statewide average of $1.75 per gallon, according to the latest Fuel Gauge report from AAA Oklahoma. The new average is just more than 2 cents cheaper than a week ago.

And AAA Oklahoma says the new price range is what Oklahomans can expect for the New Year’s weekend as prices dip to their lowest average for the date in seven years. The average is based on AAA’s checking of prices in 300 cities and towns in the state.

Seven years ago, the state’s average on Dec. 29 was $1.50. Just four years ago, the average stood at $3.05 a gallon.

“The impact of the U.S. removing its decades-old ban on crude oil exports has narrowed the difference between West Texas International crude oil and Brent prices,” said Chuck Mai, a spokesman for AAA Oklahoma. “Leading into 2016, pump prices are expected to continue to slide with supply outpacing demand.”

Lawton has the lowest average at $1.63 a gallon followed by Muskogee at $1.65 and Guymon and Enid at $1.69. Ardmore is highest with an average of $1.76 and Oklahoma City is $1.758 per gallon. Tulsa is down to $1.70.

Nationally, the average is right at $2 a gallon, four cents cheaper than a month ago. Thirty-two states are posting averages below $2 a gallon. Five states have statewide gas price averages below that of Oklahoma but three are cheaper by only a tenth of a cent.





   

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