Gasoline prices at record highs in Oklahoma

Monday, August 8th 2005, 12:54 pm
By: News On 6

OKLAHOMA CITY (AP) -- The average price for regular self-serve gasoline reaches an all-time high Monday in Oklahoma City at $2.19 a gallon.

AAA Oklahoma reports the previous high was $2.17 recorded on July 13th.

AAA reports the nationwide average also is in record territory at $2.33 a gallon. The old record was $2.32 on July 14th.

Oil analysts cite a host of reasons for the high prices. Among them are problems at several US refineries, the government's recent shutdown of the US embassy in Saudi Arabia over terrorism concerns and continued high demand for oil worldwide.

Oil is trading at just under $64 dollars a barrel.