OKLAHOMA CITY, OK (KSWO) –For 17 straight weeks, gasoline prices have continued to fall.
The average price for a gallon of regular unleaded fuel sits at $1.41, which is currently the cheapest in the country. Missouri comes in at a close second at $1.42, and 42 other states have an average price below $2.00. Of those 44 states, 30 of them are below $1.75. On the other end of the spectrum, Hawaii has the highest average price at $2.63, and California's average price for a gallon of gas is at $2.49.
Oklahoma's average retail price for a gallon of gasoline dropped nine cents in the last week, and is at its lowest point since before 2008. AAA say's this is due to weak demand and crude oil inventories at a nearly eight-decade high.
At the close of Monday's formal trading on the NYMEX, West Texas Intermediate crude oil was down $1.20 and settled at $29.69 per barrel.