Chickashanews.com

November 11, 2013

Pump prices poised to plummet

James Bright
The Express-Star

CHICKASHA —

Gas is predicted to continue dropping this week after almost a month of falling prices, according to Gasbuddy.com. 

The average price in Oklahoma was $2.87 per gallon yesterday. 

"Including the change in gas prices in Oklahoma during the past week, prices yesterday were 24.8 cents per gallon lower than the same day one year ago and are 24.8 cents per gallon lower than a month ago. The national average has decreased 17.4 cents per gallon during the last month and stands 26.7 cents per gallon lower than this day one year ago," a release from Gasbuddy.com states. 

This week's prices marks some of the lowest seen in the past two years. 

"Gas prices across many communities are now the lowest since they've been since the Libryan crisis in February of 2011. Nearly 15 percent of all stations in the U.S. are now selling gasoline under the psychologically important $3 per gal level," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Last year on this date saw just 1 percent of stations selling under that level, so motorists aren't doing too shabby. States that saw the largest declines last week were Montana, Ohio, and Indiana, all where prices declined at least 15 cents per gallon. Several stations in Tulsa, Oklahoma, which features the cheapest gas in the U.S. are selling at a mere $2.45 per gallon, a number so low that had you said that just six weeks ago, motorists would have been shaking their heads in disbelief. Prices nationally could drop to as little as $3.05 a gallon by Christmas," DeHaan said.

Gas prices in Grady County averaged $2.84 per gallon on Monday.