Category: Gasoline Prices in Oklahoma

Oklahoma still one of the cheapest places for gasoline in the country

  Despite rising from $3 a gallon average in the past month to $3.14 a gallon for gasoline this week, Oklahoma remains one of the top ten states with the cheapest gasoline prices in the country. AAA reported the new state average is a penny lower than a week ago but 14 cents higher than …

Continue reading »

Energy briefs

** An anonymous whistleblower will receive more than $37 million for helping financial regulators investigate misconduct, according to the US Securities and Exchange Commission. Neither the enforcement action nor the identity of the whistleblower were disclosed, following agency policy. ** Several environmental advocacy groups, including the Environmental Integrity Project, Earthjustice and the Sierra Club have …

Continue reading »

Growing gasoline inventories send gasoline prices lower

  While the government sold a million gallons of gasoline before the start of the July 4th holiday in a move to lower gasoline prices, a government report indicated average gasoline prices were also down 19 cents a gallon since the 2024 high on April 22. The U.S. Energy Information Administration reported prices fell to …

Continue reading »

Energy briefs

** The Biden administration on Tuesday announced the sale of 1 million barrels of gasoline in its latest effort to push down the price of gas which largely will impact the northeast United States ahead of Fourth of July travel. ** As the nation sizzles, the Biden administration is proposing the nation’s first-ever standards aimed …

Continue reading »

Oklahoma gas prices hit $3 but remain among lowest in US

  Oklahoma has some of the lowest gasoline prices in the U.S. despite signs of increases in the past few weeks. The state’s average this week, according to AAA, reached $3 a gallon, up 3 cents for last week. A month earlier, the statewide average was $3.11. Prices in Oklahoma City average $3.01, 9 cents …

Continue reading »

Gasoline prices bounce back up in Oklahoma

    The latest AAA map of Oklahoma reflecting gasoline prices shows the state is bleeding red—from one end to the other. Sixteen counties with average prices of more than $3 a gallon are highlighted in red. Coal County in the southeast with $3.50 a gallon is highest followed by Greer County in the southwest …

Continue reading »

US and Cushing crude stocks increased in past week

  As crude oil prices dropped since OPEC+ decided over the weekend to continue with production cuts into 2025, crude oil stocks increased in a surprise move across the U.S., including the Cushing Hub in Oklahoma. Nationally, stocks increased by 1.2 million barrels, according to the U.S. Energy Information Administration. The total grew from 454.7 …

Continue reading »

Gasoline prices are falling after Memorial Day travel

  Gasoline prices have fallen across Oklahoma and the rest of the nation following the Memorial Day Holiday weekend. While the nationwide average is $3.51 per gallon, according to AAA, Oklahoma’s average is $3.03. The statewide average dropped 4 cents in the past week and is 17 cents lower than a month earlier. The national …

Continue reading »

Weak US gasoline demand results in tumbling crude oil prices

After climbing 2% on Tuesday, crude oil prices dropped 1% Wednesday, thanks to continued anxiety over weak U.S. gasoline demand. Plus, there was economic data that might spur the Federal Reserve to keep interest rates higher for longer. It also proved to be a weak trading day for Oklahoma energy stocks. West Texas Intermediate crude …

Continue reading »

Gasoline prices are 1% higher than Memorial Day weekend of last year

  On May 20, 2024, the Monday before Memorial Day, the retail price of regular gasoline averaged $3.58 per gallon (gal) across the United States, 1% higher than at the same time last year. The average price in Oklahoma was $3.12 this week. The U.S. Energy Information Administration reported that after adjusting for inflation (real …

Continue reading »