Gasoline prices drop to lowest level this year in Oklahoma

The price of gasoline has tumbled 70 cents per gallon over the past three months to the lowest levels in a year, averaging $2.96 in Oklahoma City with prices as low as $2.78.
by Adam Wilmoth Modified: December 17, 2012 at 8:58 pm •  Published: December 18, 2012
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The average price in Oklahoma's metropolitan areas already has dipped below $3.

The Oklahoma City average dropped to $2.96 Monday, down 9 cents over the past week. Consumers in Tulsa paid an average price of $2.91 Monday, down from $3 one week ago.

Oklahoma's statewide average is second-lowest in the country, behind only Missouri, which boasted an average of $2.95 Monday.

Nationwide, the average settled at $3.24 Monday, down almost a dime over the past week and also a low price for the year. The price in Hawaii dropped to $3.97 Monday, marking the first time this year that the price is below $4 in all 50 states.

The reprieve in fuel costs could lead to increased travel over the next two weeks, Mai said.

“I think it's encouraging a lot of families to take a holiday road trip,” he said. “We're predicting an increase in the number of people traveling by car over the Christmas and New Year's holidays.”

Nationwide, AAA is expecting a 1.3 percent increase in highway travel, as 84.4 million people are expected to travel more than 50 miles this holiday season. In Oklahoma, AAA is expecting a 1.7 percent increase, to 800,000.


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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That's more money this year to spend on other people instead of spending on gas.”

Gloria Haines,

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