Gasoline prices continue to drop

Ponca City Now - January 7, 2015 7:24 am

OKLAHOMA CITY (AP) – AAA Oklahoma says the average price for a gallon of gasoline in the state has fallen for 69 consecutive days and is the third lowest in the nation.

AAA says Oklahoma’s average price Tuesday was 1.89, down from the 2014 high of $3.53 in late June. Missouri’s average price stood at $1.84 and Ohio’s was $1.88.

AAA spokesman Chuck Mai says excess supply and weak demand forced the price of West Texas Intermediate crude oil down to below $50 per barrel on Monday for the first time since April 2009. It was trading at $107 per barrel in June.

Several fuel stations in Oklahoma City were selling gas in the $1.57 to $1.59 range on Tuesday. And Mai says the most common gas price in Tulsa Tuesday was $1.75.

 

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