Oklahoma gasoline prices are down to a new statewide average of $2.02 a gallon, a drop of nearly 5 cents in the past week, according to AAA Oklahoma. It means Oklahoma has some of the cheapest gasoline in the country.
Nationally, prices are at their lowest mark for the date since 2004, coming in with a nationwide average of $2.23, four cents cheaper than a week ago. It’s also 58 cents cheaper than a year ago.
“Today, for the first time since May 16, Oklahoma’s statewide average for regular gasoline hit $2 per gallon,” said Chuck Mai, spokesman for AAA Oklahoma. “However, if you’re traveling in or through Oklahoma City or Tulsa, you might want to wait and fill-up there. Some stations have E-10 blended gas for as little as $1.66 per gallon in Oklahoma City and $1.72 in Tulsa.”
Muskogee has the lowest average at $1.84, a drop of 7 cents in the past week. The average in Bartlesville is down to $1.89 and in Tulsa, the average is $1.89. Shawnee is at $1.93 while McAlester’s average dropped 6 cents in the past week to reach $1.97 a gallon. Oklahoma City’s average is $1.99.
The nation’s least expensive states are South Carolina ($1.93), Oklahoma ($2.00), Mississippi ($2.00), Missouri ($2.01) and Alabama ($2.02).
- The West Coast remains the most expensive region in the country, led by California ($2.88), Hawaii ($2.83), Washington ($2.67), Alaska ($2.66) and Nevada ($2.57).
Gasoline prices are poised to continue their slide this week as both crude oil and wholesale gasoline prices turned lower last week. West Texas Intermediate and Brent crude were each down more than 7% last week, with WTI falling from $48.99 to $45.41 over the course of the holiday-shortened trading week.
“Although retail gas prices may continue to slide this month, there are a number of factors that could cause prices to rise again,” said Mai. “These includes an increase in the global price of crude oil due to disruptions in supply; stronger than expected economic indicators or geopolitical tensions overseas; as well as domestic factors such as refinery issues, production cuts due to lower prices, stronger than anticipated demand or hurricanes that could impact distribution and production.”
