AAA reported over the weekend that while gasoline prices fell in the past week in Oklahoma, they remained more than a year ago.
Increasing crude oil prices are credited for a slow fall in prices at the pump as the national average, down two cents over the past week, was $3.83. But it was a penny more than a month earlier and five cents higher than last year.
Oklahoma’s average price was $3.60 for the weekend, or 11 cents lower from a week earlier but 14 cents more than last year.
In Oklahoma, the gas average is $3.60 today, down 11 cents in the last week and 14 cents higher than one year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.41 to 8.62 million barrels per day last week; however, it is below last year’s rate of 8.83 million barrels per day during the same week in September 2022, reported AAA.
Meanwhile, total domestic gasoline stocks increased by 1 million barrels to 220.5 million barrels. Growing supply, amid tepid demand, has pushed prices lower. Still, fluctuating oil prices have limited seasonal price decreases typically seen as the country settles into the lower-demand fall driving season.
|
09/29/23 |
Week Ago |
Year Ago |
|
| National |
$3.83 |
$3.85 |
$3.78 |
| Oklahoma |
$3.60 |
$3.71 |
$3.46 |
| Oklahoma City |
$3.59 |
$3.73 |
$3.45 |
| Tulsa |
$3.59 |
$3.70 |
$3.43 |
| Lawton |
$3.38 |
$3.48 |
$3.24 |
| Crude Oil |
$90.79 per barrel (09/29/23) |
$90.00 per barrel (09/22/23) |
$79.91 per barrel (09/30/22) |
