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11:07 am
Mon January 21, 2013

Tulsa Gas Prices Up

Credit KWGS News File Photo

It will cost you more to get a tank full. The price of gas has jumped in the last week in Tulsa. Danial Karnes, AAA spokesman, says prices can fluctuate according to anything from natural disasters, Wall Street, or the market uncertainty.

"Last year we had a lot of uncertainty with battles going on in the Middle East, but we're not seeing any of that right now. So, we expect fuel prices to stay right around the three dollar mark, maybe just a bit below as we are seeing in Tulsa with the state wide average right around three dollars."

Karnes adds the Fiscal Cliff in the new year affected Wall Street and the debt ceiling is also creating an uncertainty in the market.

"When it comes to Wall Street, anything can influence it. Basically you're dealing with the people who trade oil and natural gas. If they think that right now is the best time to buy versus another time and sell, then that's what they're going to do, and all of that affects the price of oil, which then affects the price of gas."

Karnes also says the price of oil and crude are usually far apart but are now coming closer together.