Gas Average Reaches Record High

Tuesday, March 11th 2008, 12:58 pm
By: News On 6

Although Oklahoma's gasoline price average on Tuesday of $3.103 is still more than 19 cents below its all-time high, AAA reports the national average matches the record of $3.227 per gallon set on May 24, 2007.

AAA's Fuel Gauge Report shows the national average price for a gallon of self-serve regular gasoline has risen 27 cents over the last 30 days. The price of diesel motor fuel is also at record levels, jumping nearly 48 cents in the last month both nationally and in Oklahoma to $3.848 and $3.660 per gallon, respectively.

"The primary driver of these high prices is the price of crude oil on the New York Mercantile Exchange, now in record territory near $107 per barrel," said Chuck Mai, spokesman for AAA Oklahoma. "Once again, events overseas and in the financial markets are not breaking in favor of the motorist's weekly visit to the gas pump."

Spring break travelers leaving the state will find higher gasoline prices in all of Oklahoma's neighbors with the exception of Missouri at $3.030 and Colorado, $3.102. Texas reports an average today of $3.135, including Dallas at $3.139, Austin $3.129, San Antonio $3.093, Corpus Christi $3.078 and Galveston $3.134. The average gas price across Arkansas today is $3.141, New Mexico is at $3.207 and Kansas stands at $3.217.

Even though Missouri's average is second lowest in the country today, with Springfield at $2.975 and St. Louis at $2.985, not all cities in the state are enjoying sub- $3 gasoline. Kansas City's average today is $3.067. Some of the cheapest fuel in the nation can be found in Cheyenne, Wy., with an average for self-serve regular of $2.972. Tulsa is also on the low end at $3.02 today; Oklahoma City is currently at $3.09.

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