Local & Regional
8:38 am
Sat August 20, 2011

Gas Prices Yo-yo

Oklahoma City, OK – Oklahoma gas price average at $3.43 per gallon

OKLAHOMA CITY (AP) The average price of gasoline declined in Oklahoma this week.

AAA Oklahoma reports that the average price for a gallon of self-serve regular gasoline was $3.43, down 1.6 cents from last week. Nationwide, gas prices fell 3.1 cents to $3.58 per gallon.

AAA Oklahoma spokesman Chuck Ma says dramatic shifts in the oil market and equities caused a drop in the price for a barrel of oil. Mai says nearly a month ago, crude prices were flirting with $100 per barrel on the futures market, but are now down around $80 per barrel.

Oklahoma reports the fourth-lowest statewide gas price average of the 50 states.

According to AAAFuelGaugeReport.com, Arizona is at $3.35; South Carolina at $3.38, and Missouri has an average of $3.40 per gallon.

Copyright 2011 The Associated Press.