Gasoline prices remain fairly steady as summer driving season nears an end

As the end of summer approaches, motorists weren’t making excessive demands for gasoline and it’s led to gasoline prices remaining at the $2.84 average they were a week ago.

AAA Oklahoma remains the state’s average is $2.61, up two cents a gallon from a week ago. Last year at this time, the Oklahoma average was $2.13 a gallon.

The state’s highest prices continue to be in the west and northwest. The northwest city of Arnett, the Ellis County seat has the state’s highest prices with an average of $2.89 a gallon. Roger Mills and Harmon counties to the south have averages of $2.88 a gallon.

Oklahoma City motorists are paying an average of $2.60 a gallon, up 3 cents from a week ago and up 49 cents from a year ago. Drivers in Tulsa are greeted with an average of $2.59 at the pumps, up 7 cents in the past week. Lawton still has the lowest average at $2.46 a gallon, a penny increase.

Surrounding states have joined Oklahoma with some of the lowest prices in the nation. The average in Texas is $2.61 while in Kansas, drivers pay an average of $2.62. The averages in Arkansas and Missouri are $2.57 while New Mexico drivers pay $2.76 on average and those in Colorado deal with a $2.84 a gallon average.

At 9.45 million b/d, consumer demand for gasoline hit one of its lowest levels this summer last week, according to the Energy Information Administration. This is nearly 60,000 bbl lower than the previous week and 176,000 b/d below the rate during this time last year. While low for the season, last week’s rate is still robust for the summer, but it underscores that the summer driving season is winding down, reported AAA.