Gasoline prices drop to $2.56 average in Oklahoma—lowest in the region

Gasoline prices have dropped in the past week in Oklahoma’s two major cities but for those drivers in the northwest part of the state, they’re paying averages ranging from $2.72 to $2.86 a gallon. The national average is $2.85, down 5 cents from a week ago.

AAA Oklahoma reports the state’s average is $2.56 a gallon, a drop of four cents over the past week. GasBuddy reports a 2.5 cent a gallon drop in Oklahoma City where it says the average is $2.45 a gallon. AAA Oklahoma says the Oklahoma City average is $2.52 a gallon, down 3 cents from last week.

GasBuddy bases its $2.45 gallon average on a survey of 669 stations in the Oklahoma City metro.

The highest prices are found in northwest Oklahoma where Ellis County has an average of $2.86 a gallon. Roger Mills and Dewey counties have averages of $2.81 while the average in Beaver County is $2.74 and drives in Woods pay an average of $2.75.

The city of Lawton continues with the cheapest gasoline at an average of $2.52, a one cent drop from last week. Tulsa’s average is $2.50 a gallon, down 9 cents over a week.

Of surrounding states, Oklahoma is lowest. The average in Texas is $2.66 while drivers in Kansas pay an average of $2.65. Missouri’s average is $2.63 and the average in Arkansas is $2.58. Colorado’s average price is $2.84 a gallon while New Mexico has a $2.90 average.




Oklahoma City, OK, June 25- Gasoline prices in Oklahoma City have fallen 2.5 cents per gallon in the past week, averaging $2.45/g yesterday, according to GasBuddy’s daily survey of 669 stations in Oklahoma City. This compares with the national average that has fallen 5.3 cents per gallon versus last week to $2.83/g, according to GasBuddy.

Average gasoline prices on June 25 in Oklahoma City have ranged widely over the last five years:
$1.87/g in 2017, $2.05/g in 2016, $2.55/g in 2015, $3.52/g in 2014 and $3.37/g in 2013.

Including the change locally during the past week, prices yesterday were 58.1 cents per gallon higher than a year ago and are 17.8 cents per gallon lower than a month ago. The national average has dropped 14.1 cents per gallon during the last month and stands 58.1 cents per gallon higher than a year ago.

Areas near Oklahoma City and their current gas price climate:
Tulsa- $2.46/g, down 8.4 cents per gallon from last week’s $2.55/g.
Wichita- $2.56/g, down 9.0 cents per gallon from last week’s $2.65/g.
Oklahoma- $2.56/g, down 4.0 cents per gallon from last week’s $2.60/g.

“The threat of an escalating trade war with China and others took a back seat to one of the most anticipated OPEC meetings last week: OPEC agreed to increase oil production by just 600 thousand barrels a day, well short of expectations amidst a hot global and U.S. economy. Crude oil prices responded by skyrocketing over 5 percent Friday while refined products, including gasoline, rose 2 percent. The worry is the rally may continue into this week as motorists prepare for the upcoming July 4 weekend,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “The decision may lead to an abrupt end in recent gas price declines, or may slow it down, just as gasoline prices had been catching up to the prior slump in crude oil. I’m optimistic that we can avoid a $3 per gallon national average, but if gas prices were to mirror the gains in oil prices, a 5% gain would theoretically put us back at nearly $2.99 per gallon, not what you like to see any time, much less prior to the summer’s most popular holiday.”