Oklahoma has the cheapest gasoline prices in the US

Tuesday, September 30th 2003, 12:00 am
By: News On 6

(Oklahoma City-AP) -- AAA statistics show Oklahomans are paying less at the pump on average than consumers in any other state.

Industry observers say the end-of-summer travel season and an increase in world oil production has caused a steady decline in gasoline prices nationwide.

But experts are less certain about why the price has fallen so quickly in Oklahoma.

The Mid-Continent Oil and Gas Association's Oklahoma Division chairman Bruce Bell says prices are probably falling faster in Oklahoma because the state has a better gasoline supply than other states.

AAA Oklahoma spokesman Chick Mai says the high level of competition between gasoline stations in the Oklahoma City and Tulsa metro areas have caused prices to drop faster in those areas.

The statewide average price for a gallon of regular unleaded gasoline is $1.39. The national average is $1.60.