Oklahoma has the cheapest gasoline in the U.S. according to the latest Fuel Gauge Report from AAA Oklahoma. The state’s new average is $1.81 or more than 5 cents cheaper than eleven days ago. South Carolina has the second lowest average at $1.85 per gallon.
“In fact, the Tulsa price is one of the lowest city averages in the U.S.,” said Chuck Mai, spokesman for AAA Oklahoma. “A search shows that only four major cities have gas price averages below that of Tulsa: Fayetteville and Fort Smith, Arkansas; Amarillo, Texas; and Springfield, Missouri. However, Oklahoma City may hold the record for having the lowest prices at individual stations–some in the metro are as low as $1.53.”
Tulsa’s average is $1.75 while Bartlesville and Muskogee are at $1.76 average. Guymon’s average is $1.77. Stillwater is highest with an average of $1.90 while Altus has an average of $1.89. Oklahoma City’s average is $1.79.
The national average is $2.06, the lowest price point for this same date since 2009.
AAA indicates that while the switchover to summer-blend gasoline at refineries has taken place, continued refinery maintenance and rising demand might lead to higher prices in some areas. Prices are expected to move higher into the summer driving season and consumers will likely continue to benefit from comparative savings due to the overall abundance of supply and the lower price for crude oil.
Oversupply still characterizes the global oil market. The U.S. Energy Information Administration says U.S. production fell for the fourth consecutive week as did the number of oil and gas rigs operating nationwide.
