Gas Prices Put To Reality Check

Tuesday, October 28th 2008, 5:20 pm
By: News On 6

By Dan Bewley and Scott Thompson, The News On 6

SKIATOOK, OK -- The News On 6 found some stations north of Tulsa offering gas for under $2 per gallon.  Triple A says the last time gas was below $2 a gallon was in February 2007.

Since then the price of oil has risen, only to fall dramatically, leaving drivers wondering what they'll see the next time they head to fill up.

Skiatook gas stations are peppered with a rare sight, $1.99 for a gallon of gas.

"It's almost as cheap as it was when I was in high school," said Justin Nauss of Tulsa.

Tom Roberson did something he hasn't done in quite a while, filled up for $20.

"Seems like it's been a couple of years," said Tom Roberson of Skiatook.

The journey to $2 a gallon over the past year has been quite a ride.

In September of last year, the average cost of gas was $2.87 a gallon, from there it kept climbing.  In April of this year, it hovered around $3.40, And then, it hit a record in July at $3.89 a gallon.

It started to drop over the next several weeks, before spiking again after Hurricane Ike at $3.59.  Then the bottom started to drop off, under $3 earlier this month, and it kept going to $2.37 just last week.

Now drivers are hoping this trend continues.

"I thought that was a good deal and hopefully it'll get even better," said Tom Roberson of Skiatook.

Industry analysts expect the price to continue to drop, some are saying by at least another 20 cents a gallon, but they don't believe the drop will be as fast as we've seen in the last few weeks.