OKC Gasoline prices drop

The gasoline website GasBuddy reports gasoline prices in Oklahoma City dropped 2 cents a gallon in the past week reaching an average of $2.51 a gallon. This week’s statewide average is $2.58, down 2 cents.

Nationally, the new average dropped nearly 4 and a half cents to hit $2.82 per gallon.

A year ago, Oklahoma City drivers paid an average $1.95 a gallon. While Oklahoma City prices are more than 56 cents a gallon higher than last year at this time, the national average is 55 cents higher.

GasBuddy reports the average price for gasoline in Tulsa is $2.52 per gallon, a drop of more than 8 cents in the past week. The average in Wichita, Kansas is $2.55, down 5.8 cents compared to a week ago.

“Last week saw a small party at the pump- gas prices in nearly all states moved lower as the national average fell to its lowest in 75 days,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “With Libya resuming oil exports, oil prices have been under pressure the last two weeks, falling briefly under $68 per barrel last week, closing out the week far lower than two weeks ago when oil prices touched $75.”

DeHaan said retail gas prices still have some downward movement coming to catch up to the recent drop in oil prices.