Fall brings ‘falling’ gasoline prices in Oklahoma and other states

 

 

The arrival of  fall in Oklahoma not only produced a changing of the colors of trees but lower gasoline prices too.

AAA Oklahoma reports the statewide average fell 5 cents in the past week from $2.68 a gallon to $2.63 per gallon for regular. A month ago, the state’s average was $2.78, meaning current averages are 15 cents cheaper.

Tulsa has the lowest metro average at $2.54 a gallon, down 6 cents over the past week and 14 cents below the average one month earlier.

Oklahoma City has an average price of $2.61, three cents lower from a week earlier and 16 cents below the average from one month ago.

Comanche County, home to Lawton, has the lowest county average at $2.42. But it is followed by Woodward County in the northwest where the average price is $2.47. Three counties, Okmulgee, Muskogee and Wagoner, all in eastern Oklahoma, have average prices of $2.49 per gallon.

If you want the highest prices, the questionable honor belongs to Ellis County in the northwest where drivers pay on average $3.13 per gallon. Coal County in the southeastern part of the state has an average of $3.03 per gallon.

Whoops! Gas prices are higher in Steamboat, Colorado. Approaching $4 a gallon or $1.37 more per gallon than Oklahoma’s average.

The national average for a gallon of regular dropped five cents since last week to $3.15. Fall is officially here, bringing lower gas prices and winter-blend gasoline which is cheaper to produce. Pacific Northwest drivers are getting some relief now that a pipeline issue has been resolved and pump prices are trending downward. The Atlantic hurricane season is halfway over, but the tropics remain a concern for the next two months if there’s storm activity in the Gulf that affects refineries in the area.

National Average: $3.157

One Week Ago: $3.203

One Month Ago: $3.161

One Year Ago: $3.213

According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.81 million b/d last week to 8.95 million. Total domestic gasoline supply decreased from 217.6 million barrels to 216.6 million. Gasoline production increased last week, averaging 9.7 million barrels per day.

The nation’s top 10 most expensive gasoline markets are California ($4.64), Washington ($4.57), Hawaii ($4.48), Oregon ($4.21), Nevada ($3.90), Alaska ($3.88), Arizona ($3.57), Idaho ($3.50), Utah ($3.39), and Illinois ($3.37).

The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.66), Mississippi ($2.68), Louisiana ($2.72), Texas ($2.73), Tennessee ($2.75), Arkansas ($2.76), Alabama ($2.78), Kentucky ($2.81), Missouri ($2.84), and South Carolina ($2.85).