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March 15, 2013

Gas falling in, around Grady

CHICKASHA — Oklahoma's average gas price dropped to $3.45 a gallon this week, which is lower than gas costs were at this time last year.

Overall, the national average had fallen for 12 straight days before rising on Feb. 11. The national average now stands at $3.67 per gallon, its lowest level since its peak, to date, at $3.79 per gallon on Feb. 27.

“Right now motorists may be pleasantly surprised with the direction gasoline prices are taking and it’s due largely to timing; the more costly summer-blend gasoline is not yet available in most markets and there’s also a bit of a ‘fire sale’ – consumers get some relief from refinery efforts to unload their remaining ‘winter-blend’ gasoline inventory,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. com. “But, these are not the days of wine and rose. We still believe that another upward trend in retail gasoline prices is a strong possibility, coinciding with the full implementation of summer blend gasoline and it will arrive in April."

Some states have not seen the lower gas prices though.

“Interestingly enough, while three states - Hi, Calif, Ak -  still see prices over $4 per gallon, 45 states now have lower prices today than a year ago, and Illinois has the greatest year-over-year discount with its average price down by 22 cents per gallon,” said Gregg Laskoski, another senior petroleum analyst with GasBuddy. “Colorado is one of just five states seeing a higher average today than last year.”

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