«

»

Oklahoma and Arkansas Post Lowest Gas Prices in Nation, Says AAA

gasprices

Despite gasoline prices going up, Oklahoma continues to have one of the lowest gasoline prices in the U.S. as the statewide average rose by six cents since last week, according to the latest report from AAA Oklahoma. The new average is up 14 cents since November 14.

“Our Oklahoma average today of $2.02 per gallon for self-serve regular is 17 cents more than it was on November 22,” said Chuck Mai, spokesman for AAA Oklahoma. “But we’re still tied with Arkansas for the lowest state average in the nation.”

National pump prices have risen steadily for 20 of the last 21 days, increasing by a total of 11 cents during this time period. The national average price for regular gasoline is $2.24 per gallon, which is the highest mark since October. Prices continue to rise due to market expectations of tighter availability following OPEC’s announcement of its deal to curb oil production. The production cuts will begin in January 2017.

The Oklahoma City metro is paying an average of $1.99 per gallon, about a nickel higher than last week. Last year, the average price for a gallon of gasoline in Oklahoma City was $1.79 which is 20 cents lower than the current average.

For the Tulsa area, the average price this week for a gallon of gasoline is $2.00. That’s 6 cents higher than last week and 24 cents higher than a month ago. During the same time last year, Tulsa paid an average of $1.70 per gallon, about 30 cents lower than the current rate.

Bartlesville and McAlester posted the lowest prices per gallon at $1.95 and $1.96 respectively. Stillwater topped the pump price list at $2.08 per gallon with Altus averaging $2.06 per gallon.

The nation’s top five most expensive markets are Hawaii ($2.95), California ($2.67), Alaska ($2.62), Washington ($2.59) and the District of Columbia ($2.54), according to AAA.