Another slide in Oklahoma City gasoline prices

GasBuddy reports gasoline prices in Oklahoma City dropped another 3 cents in the past week, reaching a new average of $2.08 a gallon at the pumps.

The firm conducted a survey of 669 stations in the Oklahoma City metro to reach the new conclusion, adding that the drop compares with the national slide of nearly 8 cents. The new national average is down to $2.53 a gallon.
Average gasoline prices on November 26 in Oklahoma City have ranged widely over the last five years: $2.15/g in 2017, $1.86/g in 2016, $1.81/g in 2015, $2.51/g in 2014 and $2.98/g in 2013.

Including the change locally during the past week, prices on Sunday were 7.3 cents per gallon lower than a year ago and are 34.2 cents per gallon lower than a month ago. The national average has dropped 29.4 cents per gallon during the last month and stands 3.4 cents per gallon higher than a year ago.

Areas near Oklahoma City and their current gas price climate:
Tulsa- $2.00/g, down 11.3 cents per gallon from last week’s $2.12/g.
Wichita- $2.16/g, down 5.6 cents per gallon from last week’s $2.21/g.
Oklahoma- $2.23/g, down 6.3 cents per gallon from last week’s $2.29/g.

“The $1.99 club has seen its membership swell in the last week with the number of states with stations priced at that level or lower spiking to 18. Texas, New York, Missouri, Louisiana, Ohio, Oklahoma, South Carolina, Alabama, Mississippi, Michigan, Virginia, Arkansas, Kansas, Kentucky, New Mexico, Ohio, Tennessee and Illinois all have at least one station at $1.99 or less, and the good news is it won’t end there,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

He said that while oil prices shed $6 a barrel or about 14% in the past week, motorists will likely see more drops in gasoline prices in the coming weeks.

” While many may be a skeptic of the White House taking some credit, the Trump Administration’s reluctance to punish Saudi Arabia for it’s role in the murder of Jamal Khashoggi is likely leading Saudi Arabia to push against large cuts in crude oil production, fearing potential fallout from Trump. In the week ahead, motorists in most states will likely see further drops, saving the country $125 million a day versus prices in early October.”