Gasoline prices shoot up since July 4th

Growing demand and shrinking gas stocks are adding to pump price jumps since the Fourth of July and in Oklahoma, prices have jumped as much as 8 cents a gallon over the past week.

AAA Oklahoma reports the new statewide average is $2.50 per gallon compared to the $2.42 a gallon paid by motorists a week ago.

The highest prices in Oklahoma are $2.77 a gallon in Taloga, the county seat of Dewey County and in Harmon county in the southwest corner where the average is $2.75 per gallon.

The lowest prices are seen in the southwest and the eastern parts of the state. Haskell county in the east and Cotton county in the southwest each have an average price of $2.39 per gallon.

Tulsa’s average jumped 7 cents a gallon in the past week from $2.34 to $2.51 a gallon. Oklahoma City prices hit $2.47 after jumping from the $2.39 a gallon reported a week ago. Prices in Lawton rose from $2.33 to $2.41.

Oklahoma’s average of $2.50 compares to $2.53 in Kansas, $2.70 in Colorado, $2.60 in New Mexico, $2.51 in Texas, $2.43 in Arkansas and $2.57 in Missouri.

 

Oklahoma City gas prices have risen 7.7 cents per gallon in the past week, averaging $2.41/g today, according to GasBuddy’s daily survey of 669 stations. Gas prices in Oklahoma City are 19.3 cents per gallon higher than a month ago, yet stand 11.7 cents per gallon lower than a year ago.

GasBuddy prices reports found the cheapest station in Oklahoma City is priced at $2.06/g today while the most expensive is $2.99/g, a difference of 93.0 cents per gallon. The lowest price in the state today is $2.23/g while the highest is $2.99/g, a difference of 76.0 cents per gallon. The cheapest price in the entire country today stands at $2.01/g while the most expensive is $5.49/g, a difference of $3.48/g.

The national average price of gasoline has risen 3.3 cents per gallon in the last week, averaging $2.79/g today. The national average is up 11.4 cents per gallon from a month ago, yet stands 8.5 cents per gallon lower than a year ago.