Gasoline prices rise in Oklahoma after weeks of stability

Much of this week's increase can be traced to the rising price of crude oil, said Chuck Mai with AAA Oklahoma. Since late last year, the price of gasoline fell even as crude oil rose. Now they appear to be back to the historical norm of rising together.
by Paul Monies Published: January 26, 2013
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Despite recently rising prices, AAA expects motorists will pay less on average in 2013 than they did last year, mostly because demand hasn't rebounded as fast as expected in the wake of the recession.

Drivers paid an average of $3.60 per gallon in 2012, exceeding the previous average high of $3.51 in 2011, AAA said.

“However, despite record pump prices, 2012 was not the most expensive year for motorists, as demand destruction due to a still-weak U.S. economy and increases in fuel economy offset the higher price per gallon,” AAA said.

The average household consuming 1,140 gallons of gasoline paid $4,112 in 2012, according to AAA data. That's down slightly from an average of $4,127 a year earlier, when the typical household used 1,174 gallons of gasoline.

“We're spending a little bit less for fuel even though the price is higher because we're using less of it,” Mai said.

by Paul Monies
Energy Reporter
Paul Monies is an energy reporter for The Oklahoman. He has worked at newspapers in Texas and Missouri and most recently was a data journalist for USA Today in the Washington D.C. area. Monies also spent nine years as a business reporter and...
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