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December 24, 2013

Gas prices see uptick as holiday approaches


Christmas has brought a small increase in gas prices to stifle holiday spirits this year. 

The average price of gas in Oklahoma was $2.92 per gallon on Sunday, with prices in Grady County hovering right under the $3 mark. 

Although this marks a 6.7 cents per gallon increase over last week, the prices are still lower than those of last year. 

"Including the change in gas prices in Oklahoma during the past week, prices yesterday were 5.7 cents per gallon lower than the same day one year ago and are 2.5 cents per gallon lower than a month ago," a release from detailed. "The national average has decreased 2.4 cents per gallon during the last month and stands 0.9 cents per gallon lower than this day one year ago."

Travelers this holiday season can expect higher prices around the country.

"Motorists hitting the road for Christmas travel are cringing as gasoline prices have picked up with the best now behind us," said Senior Petroleum Analyst Patrick DeHaan. "While prices will advance, I don't expect it to last too long- January and February generally also feature relatively low gasoline prices. And while motorists aren't looking forward to the higher prices, they may take some solace in our expectation that gasoline prices in 2014 should average lower than they will after 2013 is complete. Make no mistake- gas prices will see volatility, and there will be times when motorists will experience 'motion sickness' at the pump, but that shouldn't discount that Americans will be able to spend less on a yearly basis in 2014 than they did this year."

Gas prices in Chickasha jumped over the weekend.

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