Gasoline prices headed back up in Oklahoma

The power is off in many US homes as millions deal with freezing weather |  CNN


Gasoline prices inched back upward in Oklahoma in the past week, reaching a new average of $2.70, an increase of five cents a gallon.

AAA Oklahoma reported the $2.70 average compared to the national average of $3.10 per gallon of regular gasoline.

Despite the slight increase, only four counties in Oklahoma still have average prices higher than $3 per gallon. The highest average is $3.16 per gallon in Beaver County while Ellis in the northwest and Hughes in the southeast have average prices of $3.05 per gallon. Johnston County in the southern part of Oklahoma has an average price of $3.01 per gallon.

Lawton and Comanche County have the lowest averages. Lawton’s average this week is $2.41 while the county average is down to $2.39 per gallon.

Oklahoma City motorists pay an average price of $2.70 per gallon, up four cents in the past week. However, another gas price information group, Gas Buddy, reported the lowest price per gallon in the city was $2.21.

Tulsa’s average jumped 13 cents in the past week to a new average of $2.60.

The Oklahoma average of $2.70 compared to $2.75 in Kansas, $2.81 in Colorado, $2.98 in New Mexico, $2.66 in Texas, $2.70 in Arkansas and $2.69 in Missouri.

Central Oregon gas price average below $4 for 1st time since January


Since Monday, the national average for a gallon of regular gasoline has fallen by four cents to $3.10. According to new data from the Energy Information Administration (EIA), gas demand increased from 8.26 to 8.71 million b/d last week. However, the current rate is nearly 300,000 b/d lower than at the end of December 2021.

Meanwhile, total domestic gasoline stocks grew by 2.5 million bbl to 223.6 million bbl. Increasing supply and low gasoline demand are pushing pump prices lower. As demand remains low and stocks rise, drivers will likely continue to see pump prices decrease through next year.

Largest Weekly Decreases

  • Since last Thursday, these 10 states have seen the largest decreases in their averages: Arizona (−18 cents), Idaho (−18 cents), Indiana (−17 cents), Nevada (−16 cents), Ohio (−15 cents), Illinois (−15 cents), Michigan (−15 cents), Delaware (−14 cents), Utah (−14 cents) and Wyoming (−14 cents).