Oklahoma now has the cheapest gas in the nation.
After steadily rising to nearly $2 a gallon, Oklahoma’s average price for regular self-serve gasoline fell by three cents over the last five days to a statewide average $1.96 per gallon, according to a report issued Tuesday by AAA Oklahoma.
“Globally, oil producers appear committed to reducing oversupply and rebalance the market,” said Chuck Mai, spokesman for AAA Oklahoma. “Over the weekend, OPEC and non-OPEC producers reached their first deal since 2001 to limit oil output. This follows OPEC’s agreement in November to cut output by 1.2 million barrels per day starting next month.”
The Oklahoma City metro is paying an average of $1.94 per gallon, about 2 cents lower than last week. Last year, the average price for a gallon of gasoline in Oklahoma City was $1.81 per gallon.
For the Tulsa area, the average price this week for a gallon of gasoline is $1.94. That’s 7 cents higher than last week and 10 cents lower than a month ago. During the same time last year, Tulsa drivers paid an average of $1.78 per gallon.
Idabel and McAlester posted the lowest prices per gallon at $1.90 and $1.91 respectively. Stillwater topped the pump price list at $2.03 per gallon with Altus, Guymon and Ponca City averaging $2.00 per gallon.
Four states have average gas prices below $2.00 per gallon. They include Oklahoma ($1.96), Missouri ($1.97), Arkansas ($1.98) and Texas ($1.99).