Gas prices rise 6.2 cents over week

Gas prices increased statewide and nationally over last week.
By: 
Amanda Corbin
News Reporter

The weekly fuel update from GasBuddy shows Oklahoma gasoline prices increased by 6.2 cents over the past week.

The average on Sunday was reported at $2.29 per gallon. The national average also increased, its average by 3.5 cents to $2.52. GasBuddy surveys 2,294 gas outlets in the Sooner State each day to collect their average.

"With oil prices rallying to their highest level since 2014, it's no surprise that gasoline prices continue to show frustrating strength for this time of year," said Patrick DeHaan, head of petroleum analysis for GasBuddy.

"While winter is usually a time for modest declines at the pump, this year has seen anything but. While two years ago areas of the country flirted with sub-$1 gas prices, we now see most areas more than double that."

Latest prices from GasBuddy in LeFlore County for regular per-gallon of gasoline included Monday:
• Tote-A-Poke (non-ethanol in Poteau): $2.49.
• E-Z Mart (Howe): $2.19.
• Sunset Corner Mart (Spiro): $2.09.
• Bud's Country Junction (Poteau): $2.11.
• Short Stop (Wister): $2.21.

DeHaan added that "one bright spot, however, is that gasoline production remains very strong at a time of year when it tends to be weak, and that could open the door for some larger discounts in the weeks ahead as refiners begin to move winter gasoline out of inventories to prepare for the transition to cleaner burning gasoline. The window is relatively small and closes shortly after Valentine's Day, so don't expect much improvement before the annual spring surge begins."

In Oklahoma City, the average increased 6.8 cents to $2.23, and in Tulsa increased 10.4 cents to $2.26.

Prices have ranged widely over the past five years for the Jan. 15 date, GasBuddy showed: $2.11 per gallon in 2017, $1.61/g in 2016, $1.76 in 2015, $3.01 in 2014 and $2.95 in 2013.

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