Gas Prices Hover Around $3

Friday, February 22nd 2008, 1:47 pm
By: News On 6

Gasoline prices across Oklahoma have risen an average of 20 cents per gallon since January 25, according to AAA Oklahoma.

The state's average for self-serve regular gasoline now stands at $3.02 with prices slightly higher in Oklahoma City.  In Tulsa, the average price of a gallon of gas is $2.97.

"These gas prices are reflective of higher crude oil prices," AAA Spokesman Chuck Mai said. "However, there are no firm and fast economic reasons justifying what crude oil is doing on the futures market. Inventories are good and because of the softening economy, demand is down. This would be a time of declining pump prices if not for worried commodity traders on Wall Street who are concerned about worldwide oil supply disruptions."

AAA's Fuel Gauge Report shows the average for self-serve regular gasoline is now $3.115 per gallon Friday nationwide, compared with $2.98 as recently as late January.