Gas prices remain steady nationally but drop in Oklahoma

Gasoline prices dropped a few cents a gallon across the state of Oklahoma in the past week while they held steady nationally.

AAA Oklahoma reports the state average is $2.62 a gallon which is 2 cents cheaper than last week at this time. Nationally, the average is $2.86 which was the same as a week ago and 51-cents more than one year ago.

Oklahoma’s highest prices continue to be in Ellis County where the average is $2.91 per gallon and in Coal county where prices average $2.89 a gallon. The cheapest prices continue in Lawton where the county average is $2.47 and the city average is $2.49 per gallon. Nearby Cotton County has an average of $2.47.

Oklahoma City’s average dropped a penny to hit $2.61 while the average in Tulsa slipped 3-cents a gallon to $2.58. It was a year ago when Oklahoma City drivers paid $2.08 a gallon and motorists in Tulsa saw $2.09 at the pumps.

The Energy Information Administration’s (EIA) latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories. In fact, this was the first increase in inventories in six-weeks with a substantial addition of 3 million bbl.

“With a flat national average, U.S. gasoline supply and demand suggest they are balancing,” said Jeanette Casselano, AAA spokesperson. “But that’s not to say that we could not see spikes in demand to Labor Day as motorists squeeze in those final road trips.”

Oklahoma’s average $2.62 compares with $2.59 in Arkansas and Missouri, $2.67 in Kansas, $2.81 in Colorado, $2.79 in  New Mexico and $2.62 in Texas.