OK Gas Prices at Nearly 4-Week High - KSWO 7News | Breaking News, Weather and Sports

OK Gas Prices at Nearly 4-Week High

OKLAHOMA CITY Okla_ Tuesday's Oklahoma price average for regular gasoline, $3.484, is the highest it's been since June 20 when it stood at $3.491.

"Our statewide average fell steadily after May 21 when it reached its 2013 high of $3.916, finally resting at $3.283 over the Independence Day holiday weekend," said Chuck Mai, spokesman for AAA Oklahoma. "Now, the roller coaster is going back uphill in response to unrest in Egypt and falling U.S. crude oil inventories."

Today

Last Week

Change From last Week

Price On 6/18/2013

Change From 6/18/2013

Last Year

Ardmore

$3.523

$3.680

-$0.157

$3.479

$0.044

$3.317

Bartlesville

$3.428

$3.261

$0.167

$3.375

$0.053

$3.305

Enid

$3.512

$3.327

$0.185

$3.456

$0.056

$3.351

Grove

$3.502

$3.363

$0.139

$3.555

-$0.053

$3.361

Guymon

$3.658

$3.682

-$0.024

$3.776

-$0.118

$3.404

Idabel

$3.508

$3.371

$0.137

$3.508

$0.000

$3.310

Lawton

$3.466

$3.319

$0.147

$3.504

-$0.038

$3.328

McAlester

$3.500

$3.379

$0.121

$3.634

-$0.134

$3.313

Muskogee

$3.483

$3.275

$0.208

$3.454

$0.029

$3.267

Norman

$3.504

$3.313

$0.191

$3.495

$0.009

$3.317

Oklahoma City

$3.490

$3.316

$0.174

$3.487

$0.003

$3.290

Ponca City

$3.510

$3.313

$0.197

$3.589

-$0.079

$3.318

Shawnee

$3.428

$3.333

$0.095

$3.542

-$0.114

$3.299

Stillwater

$3.543

$3.355

$0.188

$3.597

-$0.054

$3.339

Tulsa

$3.403

$3.173

$0.230

$3.412

-$0.009

$3.231

Statewide

$3.484

$3.317

$0.167

$3.508

-$0.024

$3.299


Source: AAA

The national average price Tuesday for regular gasoline is $3.64 per gallon, 16 cents more than one week ago, just two cents above the average one month ago, but 24 cents higher than the same day last year. The national average has now risen for nine consecutive days.

While motorists across the country are feeling the squeeze of rising pump prices, the national average is still 47 cents below the all-time high of $4.11 per gallon recorded on July 17, 2008.

Higher crude oil prices have pressured gasoline prices higher across the country, with events and unrest in Egypt the primary factor in surging oil prices. While Egypt is not an oil producer, its proximity to the strategically important Suez Canal and major oil producing nations raises concerns of a potential disruption to supply should violence escalate. Adding to the bullish sentiment for crude are U.S. inventories falling more than 20 million barrels in two weeks, the largest two-week drawdown in more than three decades, according to the U.S. Department of Energy. Pending an unforeseen market- moving development, it seems likely consumers will face increased pump prices in the coming weeks.

The price of West Texas Intermediate crude oil settled 37 cents higher yesterday at $106.32 per barrel, just 30 cents shy of the 15-month high set last Wednesday.

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