Oklahoma’s gas price average broke through the $2 threshold last Saturday for the first time since mid-November, 2015, although the average has dropped half-a-cent since Sunday with Tulsa leading the way, falling 2.3 cents over the last 24 hours.
“There’s quite a range of gas prices across Oklahoma Chuck Mai, spokesman for AAA Oklahoma, said Monday. “Among cities in the state with at least 10 gas stations, Purcell has the highest citywide average today ($2.175), followed by Mustang ($2.138) and Ada (2.132). At the other end of the spectrum, Guymon boasts the lowest average ($1.877), with Wagoner ($1.892) and Sallisaw ($1.893) right behind.”
Gasoline demand regularly increases leading into the summer driving season, and this year has been no exception. According to last week’s supply report from the Energy Information Administration, U.S. gasoline demand hit its highest mark of the year at 9.66 million barrels per day, which was the highest number since August and 4.4 percent higher than the same period last year.
While domestic gasoline inventories reportedly decreased by about one million barrels, supplies are still some 14 million barrels higher than a year ago. In response to this seasonal increase in demand, refineries nationwide are ramping up production, although some facilities, particularly in the Great Lakes region, have been impacted by the fires in Alberta, Canada.