Gasoline prices continue their fall in Oklahoma

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Gasoline prices fell nine cents in the past week in Oklahoma, the same amount that the national average dropped, reaching a national average of $3.79 and an average $3.41 in Oklahoma.

Prices have fallen daily since early October, mostly because of lower oil prices and a declining lack of demand by drivers.

Oklahoma’s $3.41 average compared to $3.50 a week ago, $3.49 a month ago and $3.38 a year earlier.

The average in Oklahoma City was $3.37, also nine cents lower than a week ago. The city average compared to $3.51 one month earlier and to $2.95 paid by drivers a year ago.

In Tulsa, the average fell a dime in the past week to an average $3.39. A month earlier, Tulsa’s average was $3.46 while a year ago, the average price per gallon was $3.08.

Lawton has the lowest average at $3.17 per gallon, 14 cents cheaper than a week ago and 15 cents lower than a month earlier. A year ago, motorists in Lawton paid an average $2.89 per gallon.

Sixteen counties in Oklahoma have the highest averages ranging from $3.59 to $3.92 per gallon. Ellis County in the northwest is highest with an average price of $3.92 followed by Coal County in the southeast at $3.82 per gallon.

The lowest county average is $3.14 in Okmulgee County followed by $3.15 per gallon average in Comanche County.

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The national average pump price fell nine cents over the past week to hit $3.79. It has dropped daily since October 11, primarily due to lower oil prices and fewer drivers than usual fueling up.

“Global recession fears coupled with the Biden Administration’s plan to continue tapping the Strategic Petroleum Reserve into December has helped temper oil prices,” said Andrew Gross, AAA spokesperson. “This will help take the pressure off pump prices, benefitting drivers and their wallets.”

Today’s national average of $3.79 is nine cents higher than a month ago and 41 cents more than a year ago.