Oklahoma continues to have some of the cheapest gasoline in the U.S., down 5 cents in the past month and up 77 cents since February 13, 2016, as the statewide average stands at $2.11 per gallon, according to the latest report from AAA Oklahoma.
The organization indicated that the price is the same that was in place for both Christmas and Labor Day of 2016.
“Gas prices have remained relatively steady this past month due to a well-supplied crude oil market,” said Chuck Mai, spokesman for AAA Oklahoma. “OPEC just released their monthly oil market report which surprisingly shows that participating countries implemented 90 percent of the agreed upon production cuts which took effect on New Year’s Day. But despite these OPEC cuts, supplies are still healthy due to increased U.S. drilling and production.”
The U.S. average is $2.28 per gallon, down 7 cents in the past month. The nation’s top five most expensive markets are: Hawaii ($3.11), California ($2.87), Washington ($2.73), Alaska ($2.73) and Pennsylvania ($2.53). Drivers in six states continue to enjoy some of the lowest prices in the nation. They include: South Carolina ($2.03), Alabama ($2.05), Mississippi ($2.07), Texas ($2.09), Oklahoma ($2.11) and Louisiana (2.12). The latest EIA report shows a national drop in gasoline inventories that was driven by a 2 million-barrel decline in the Gulf Coast region.
Tulsans are paying $2.05 a gallon, down 8 cents in the past month, while Oklahoma City drivers are averaging $2.09 a gallon, down 4 cents in the past month.
GasBuddy.com reveals the lowest price for gasoline in the Oklahoma City market is $1.87 a gallon at DUO located at 1028 North MacArthur Boulevard. The 7-Eleven convenience store at 8930 South Sooner Road is charging $1.88 a gallon. In the Tulsa metro area, a visit to Costco or one of the three Sam’s Club stores is in order, where gas is $1.92 a gallon.