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.

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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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