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.
That's more money this year to spend on other people instead of spending on gas.”
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.