Gasoline prices in Oklahoma have dropped another dime this week, reaching $1.47 a gallon, but the statewide average is nearly 40 cents more than the $1.09 average for Pottawatomie County, home to the city of Shawnee.
AAA Oklahoma reports motorists in Shawnee can pay as low as 92 cents a gallon for gasoline pumped at the Firelake Grand Casino Plaza. It is the lowest price found in the state according to AAA and GasBuddy.
The lowest prices in Oklahoma are found throughout the state, not just in the central or northeast. Beckham County, home to Sayre has a $1.24 average while Custer County’s average is $1.33, the same as in Lincoln and Okfuskee counties.
Carter and Hughes counties report averages of $1.37 while the average in Pontotoc County is $1.36. Adair County has a $1.18 average while the average in Pittsburg County is $1.34 and the average in Ottawa County is $1.30.
Highest prices are in Beaver County in the Panhandle where the average is $1.94, a penny higher than the $1.93 average in adjacent Texas County.
Oklahoma City drivers pay an average $1.44, three cents a lower than last week while motorists in Tulsa pay $1.49 average at the pumps, a drop of 8 cents a gallon. In Lawton, the average is $1.46, down eleven weeks from a week ago. A handful of gas stations in Oklahoma City still are selling it for 99 cents a gallon.
Oklahoma’s average of $1.47, down $1.04 from a year ago compares to the $1.69 in Kansas, $1.90 in Colorado, $1.89 in New Mexico, $1.66 in Texas, $1.64 in Arkansas and $1.67 in Missouri.
Sources: AAA and Gasbuddy
oday’s national gas price average is $1.92. That is nine cents cheaper than last Monday, 48 cents less than a month ago and 81 cents less expensive than a year ago. On the week, pump prices continued to push less expensive with gasoline demand registering at its lowest point since 1993. The latest Energy Information Administration (EIA) weekly report puts demand at 6.7 million b/d – a nearly 30 year low – and it’s likely to push lower as Americans are urged to stay at home at least until the beginning of May.
“This week, market analysts are watching crude oil prices, which started to increase at the end of last week,” said Jeanette Casselano, AAA spokesperson. “However, given the low demand readings, increases in crude aren’t likely to have an impact on gas prices in the near-term.”
In addition to crude oil, market analysts are also watching refinery rates. The U.S. refinery utilization average is down to 82%, a low not seen since September 2017. Given the drop in crude oil and gasoline demand, which is expected to push even lower, refineries are reducing production in hopes this could help to balance the amount of gasoline supply in the country.