Oklahoma Drivers Reaping Benefits of Near Record Low Gas Prices

Gasoline prices in Oklahoma have fallen nine cents in the past week, averaging $2.11 per gallon on Monday, according to GasBuddy’s daily survey of 2,294 stations in Oklahoma. This compares with the national average from last week that revealed a drop of ten cents to $2.43 per gallon.

Average gasoline prices in Oklahoma on December 3 have ranged widely over the last five years:

2017 – $2.23 per gallon

2016 – $1.94 per gallon

2015 – $1.81 per gallon

2014 – $2.50 per gallon

2013 – $2.92 per gallon

Monday’s prices were 11.4 cents per gallon lower than a year ago and average 37.7 cents per gallon lower than a month ago. The national average has dropped 31.4 cents per gallon during the last month and stands at 2.7 cents per gallon lower than a year ago.

In Oklahoma City, drivers can expect to pay around $1.97 per gallon, down 10 cents per gallon from last week’s average of $2.07 per gallon. South Oklahoma City drivers can find fuel prices as low as $1.76 per gallon at several stations. Tulsa drivers can find gasoline for $1.96 per gallon, down 5.3 cents per gallon from last week’s average of $2.01 per gallon.

“Motorists finally have something to be excited about: gas prices plummeting, with at least one gas station in 27 states offering a gallon of gasoline at $1.99 per gallon or less. The national average stands at its lowest point of 2018 having fallen nearly 50 cents since the start of October, keeping nearly $200 million in the pockets of Americans every single day, acting as an economic stimulus ahead of the holidays,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While OPEC will be meeting this week to discuss the possibility of cutting oil production in light of the $25 per barrel drop in prices since October, Americans will likely see falling prices at least for one more week. In addition, the promise of a trade deal with China may boost confidence in the economy, pushing global oil demand back up and driving prices higher. Motorists are encouraged to continue shopping around to find the best deals at the pump and prices under $2 per gallon while they last.”

 

 

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