Gasoline prices up a dime a gallon in Oklahoma

 

Motorists coming off the long Memorial Day holiday weekend saw gasoline prices jump at least a dime a gallon in Oklahoma, but they were still some of the cheapest prices seen in nearly two decades.

Oklahoma’s average price for a gallon of regular gasoline was at $1.64 as of Tuesday morning, a dime more than a week ago according to AAA Oklahoma.

AAA reported the lowest gasoline prices were $1.52 on average in Adair County and Stilwell right next to the Arkansas state line. However GasBuddy reported the lowest gasoline prices were $1.19 a gallon in Lone Grove in eastern Oklahoma.

AAA reported averages of $1.55 were reported in Okfuskee and Choctaw counties.

The highest prices, according to AAA were in Cimarron County, the western most area of the Panhandle where the average is $1.89 a gallon.

Tulsa’s average on Tuesday was $1.57, 9 cents higher than a week ago and 25 cents more than a month ago. GasBuddy reported the cheapest gasoline found in Tulsa was $1.39.

AAA had Oklahoma City’s average at $1.66, up ten cents from a week ago and 26 cents higher than a month ago. The city’s cheapest gasoline, according to GasBuddy was $1.43.

Oklahoma still has some of the cheapest gasoline in the region and its $1.64 average compares to $1.61 in Arkansas, $1.67 in Kansas, $1.62 in Texas and $1.65 in Missouri. Higher averages are found in Colorado where motorists are hit with $1.96 at the pumps and New Mexico where the average price is $1.80 a gallon.

 

Since Monday, the national average for a gallon of regular gasoline has increased by a nickel to $1.92, which is six cents higher than a week ago, 12 cents more than a month ago, and 92 cents less than a year ago. Pump prices have increased across the country as gas demand has trickled higher, more states reopen businesses and crude prices have increased. Despite the increases, the last time the national average was less than $2/gallon heading into a Memorial Day Weekend was in 2003. For gas demand, new data from the Energy Information Administration revealed that it hit 6.8 million b/d last week, which is 2.6 million b/d lower than this time last year. Gas demand could see a short-lived spike this weekend if Americans choose to travel during the holiday weekend.

At the close of Thursday’s formal trading session, WTI increased by 43 cents to settle at $33.92.