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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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Gloria Haines feels as if she has received an early Christmas present and is happy to pass it on.

The Oklahoma City piano teacher racks up significant mileage on her Nissan Altima, traveling throughout the metro area — and frequently into Kansas — to provide lessons.

The average price of a gallon of gasoline has tumbled more than 75 cents a gallon over the past three months, saving Haines about $10 per tank.

“That's more money this year to spend on other people instead of spending on gas,” Haines said. “I think it makes people a little bit more generous and lets them think more about other people this season. You have to think about where you can find a little bit of money to spend on other people, and this helps.”

Haines filled up for $2.79 a gallon Monday.

“For me, it doesn't change how much I drive, because I have to drive to make money,” she said. “But the savings helps. Every little bit helps.”

The statewide average price for a gallon of regular unleaded gasoline on Monday dropped to $3.01, the lowest average price of the year and down 9 cents over the past week, according to AAA's fuelgaugereport.com.

AAA Oklahoma spokesman Chuck Mai said the statewide price is expected to drop below $3 a gallon on Tuesday for the first time since February 2011.

“We're seeing very low demand, and supplies are healthy,” Mai said. “There is really no bad news on the horizon that might influence crude oil or gasoline prices. Everything is pointing toward maybe another dime or 15-cent decline.”

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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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