Gasoline prices continue to fall

Ponca City Now - September 10, 2015 11:12 am

By The Associated Press

Gasoline prices across parts of Arkansas and Oklahoma are at some of their lowest levels in more than a decade, aiding consumers but worrying segments of the economy that rely on oil prices being high.

The Oklahoman reported Thursday that prices could fall to around $1.70 for a gallon of regular gasoline in Oklahoma by the end of the year, and the Arkansas Democrat-Gazette said nationwide prices could reach an average of $2.03 per gallon in December.

Several stations were already selling at prices below $2 per gallon, and the U.S. Energy Information Administration said prices should fall through the rest of 2015.

Energy companies are cutting spending and some are laying off workers. Experts in oil- and gas-rich Oklahoma say the tumbling prices continue to cut into tax revenue.

 

Latest Stories

Thunder post their highest point total of the season in 147-106 win over Wizards

By TIM WILLERT Associated Press OKLAHOMA CITY (AP) — Shai Gilgeous-Alexander scored 30 points and the...

Video shows Owasso nonbinary teen after attack in school bathroom, the day before their death

By KEN MILLER, PHILIP MARCELO, and JAMIE STENGLE Associated Press OKLAHOMA CITY (AP) — A 16-year-old...

Inside the enduring movie homes of Jack Fisk, production design legend

By JAKE COYLE AP Film Writer NEW YORK (AP) — Jack Fisk, the legendary production designer,...