Pump prices remain relatively stable, with today’s national average price for regular gasoline holding at $2.29 per gallon. Oklahoma’s price average at the pump stands at $2.09 today, down a nickel from the March high of $2.14 recorded on March 2. Five states have a lower average today than Oklahoma.
“The latest Energy Information Administration report shows that Gulf Coast crude oil inventories dropped 2.4 million barrels for the week ending March 10, the result of a nearly 500,000-per-barrel drop in regional imports last week,” said Chuck Mai, spokesman for AAA Oklahoma.
“The Oil Price Information Service reports that a unit fire at LyondellBasell's 302,300-per barrel Houston, Tex., refinery resulted in production cuts. The refiner ships most of its product north via the Magellan Pipeline,” Mai added.