Gasoline Prices Drop 5 Cents a Gallon in Oklahoma, Reaching $2.10 Average

 

Gasoline prices continue dropping in Oklahoma, reaching a new statewide average this week of $2.10 according to a weekly release from AAA Oklahoma.

The organization reports gasoline prices in the state have fallen 5 cents over the past seven days and they are down a dime from the 2017 high of $2.20 recorded on April 14.

“One year ago, the country was experiencing higher consumer demand and prices were increasing,” said Chuck Mai, spokesman for AAA Oklahoma. “Fast forward to today, consumers are still experiencing higher gas prices over last year due to the OPEC agreement, but we are not seeing substantial increases at the pump due to increased gasoline inventories and low demand across the country.”

Oklahoma City gasoline prices average $2.06, unchanged from a month ago. The average price in Tulsa remains at $2.04 compared to the past month.

Nationally, the average is $2.39, up 7 cents a gallon from one month ago. Oklahoma still has the nation’s second lowest average, a penny behind South Carolina where the average is $2.09. Arkansas is at $2.15. Missouri is $2.18 and the average in Kansas is $2.22.

Oklahoma’s 5-cent drop in the past week is among the states with the largest weekly decreases nationally. The drop in Kansas was 4 cents while the largest drop nationwide was in Indiana where prices plunged 13 cents.