Gasoline prices keep sliding at the pumps

Gasoline prices keep sliding, not just in Oklahoma but across the nation where the average is now $2.43, a drop of 16 cents a gallon in the past year.

Oklahoma’s average price is $2.13, down five cents in the past week and 15 cents lower than a month ago. A year ago, the state’s average was $1.99 a gallon, according to AAA Oklahoma.

Prices at the pump in Tulsa average $2.03, a dime lower than a week ago while Oklahoma City’s average is $2.09, a decline of 4 cents a gallon.

Some of the lowest prices are in northeast Oklahoma including $2.01 in Tulsa and Washington counties, $2.02 in Craig County and $2.03 in Nowata county. However, the two lone counties in the southwest which typically have low prices are Comanche (Lawton) where the average is $2.05 and Cotton (Walters) where the average is $2.00 a gallon.

Prices in the three Panhandle counties are $2.37 and $2.38 a gallon while Woods County (Alva) has the highest average in the state at $2.45 a gallon. Ellis County (Arnett) has an average price of $2.45 a gallon. Dewey County (Taloga) averages $2.41 a gallon.

Oklahoma’s average of $2.13 compares to $2.08 in Texas, $2.07 in Missouri, $2.17 in Arkansas, $2.16 in Kansas, $2.31 in New Mexico and $2.49 in Colorado.

Gasoline prices are lower, but at the same time they remain higher than one year ago.

“At $50/bbl (West Texas Intermediate), crude oil prices are at their cheapest point in a year,” said Jeanette Casselano, AAA spokesperson. “That, plus steady gasoline stock levels and low demand have helped to push the national average lower – a dime cheaper than three weeks ago.”

Today’s national gas price average is $2.43. That is four cents cheaper than last week and 16 cents cheaper than last month. Motorists across the country can find gas for less than $2.25 at 1 in 3 (38%) of all gas stations.

Source: AAA Oklahoma