The nation’s gasoline prices hit an eleven month low this week, falling to a national average of $3.16 as of Saturday morning, while Oklahoma’s average is $2.71 per gallon. But some Oklahoma City gas stations offered the fuel at $2.19 per gallon.
AAA analysts say it is possible that the national average could fall below $3 a gallon by Christmas, delivering an unexpected gift during the Yuletide season. If that happens, it would be the first time since 2021, when Donald Trump was President. Prices soared when Joe Biden became president and he launched his car on oil and gas.
Prices have been sliding downward over the past 11 straight weeks as crude and gasoline stocks saw a buildup while OPEC+ moved to cut oil production in the coming year.
“Motorists can blame the OPEC+ meeting for causing oil to jump early last week and then plummet late last week for the volatility in gas prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Oklahoma’s average dropped 3 cents in the past week to reach th new level of $2.71, which is 27 cents lower than a month ago and 9 cents cheaper than a year ago.
Tulsa’s average is down to $2.48 a gallon, 12 cents below a week ago and a whopping 62 cents lower than a month ago, according to AAA. This past week’s average is also 44 cents below the average of one year earlier. GasBuddy reported some stations with a price of $2.34 as of Saturday morning.
The average price in Oklahoma City is $2.59, according to AAA while GasBuddy reports some stations pumping gasoline as low as $2.19 per gallon.
Prices are still high in some of the rural areas of the state including $3.92 in Jackson County in the southwest and $3.82 in Coal County in the southeast. The average in Ellis County in the northwest is $3.33 per gallon.
Oklahoma is among the states with the lowest averages in the nation. Texas is at $2.63, Kansas at $2.81, Arkansas at $2.74 and Missouri is $2.73. Colorado and New Mexico, states with typically much higher averages are also under the $3 price range. Colorado’s average is $2.86 and the average in New Mexico is $2.96 per gallon.