The national gas price average Monday was at its highest level in more than six months – it has remained above $2 per gallon for 40 consecutive days. Monday’s average price of $2.22 represents increases of eight cents per gallon on the week and 16 cents per gallon on the month. Ample gasoline supplies and relatively lower crude oil costs are helping to sustain year-over-year savings, with today’s price 39 cents per gallon below where it was a year ago.
Oklahoma pump price average – $1.96 – is 14 cents more than the price four weeks ago, according to FuelGaugeReport.AAA.com. The statewide average hasn’t been this high since Nov. 16, 2015.
“Even with today’s higher statewide average, Oklahomans are paying less at the pump than residents of any other state,” said Chuck Mai, spokesman for AAA Oklahoma. “In fact, motorists need to know that only four states have a gas price average below $2 today and they’re all in our region: Oklahoma, Texas ($1.983), Missouri ($1.986) and Kansas ($1.995).
Gasoline demand continues to break seasonal records as low prices motivate Americans to drive more. Additionally, crude oil costs are increasing and recently reached new 2016 highs. Increased demand and more expensive oil costs have helped to push gas prices higher in many parts of the country over the past few weeks, and prices may move even higher leading into the busy summer driving season.