Drivers in Oklahoma’s major metro areas are seeing a continued drop in gasoline prices as they pull up to the pumps.
GasBuddy reports prices have dropped about a penny a gallon in the past week in Oklahoma City where the new average is $1.96. The report is a result of GasBuddy’s daily survey of 669 stations in Oklahoma City.
This compares with the national average that has fallen 2.7 cents per gallon versus last week to $2.41/g, according to GasBuddy.
Average gasoline prices on December 10 in Oklahoma City have ranged widely over the last five years:
$2.08/g in 2017, $1.92/g in 2016, $1.77/g in 2015, $2.30/g in 2014 and $2.91/g in 2013.
Including the change locally during the past week, prices yesterday were 12.4 cents per gallon lower than a year ago and are 24.4 cents per gallon lower than a month ago. The national average has dropped 28.0 cents per gallon during the last month and stands 3.8 cents per gallon lower than a year ago.
Areas near Oklahoma City and their current gas price climate:
Tulsa- $1.91/g, down 4.6 cents per gallon from last week’s $1.95/g.
Wichita- $1.91/g, down 5.1 cents per gallon from last week’s $1.96/g.
Oklahoma- $2.05/g, down 4.2 cents per gallon from last week’s $2.10/g.
“Average gas prices have continued to move lower in most states in the last week as retail prices continue to catch up to the low price of oil. 27 states boast a low price of $2 per gallon or less, and Missouri’s statewide average will likely fall under $2 per gallon this week, representing the first state to cross the psychological barrier,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While the going has been good at most gas pumps, OPEC countries did agree to curb oil production, but the cut was smaller than we had expected, and for a shorter duration than anticipated, resulting in a small upward move in oil, one that may not immediately curb the declines. We appear poised to see the national average drop perhaps at least one more week- and we could close this week with the nation’s average in the $2.30s- the lowest in over a year.”
