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AAA: Gas prices continue month-long slide; Tulsa's average far below national average

Posted at 5:42 AM, Jul 12, 2016
and last updated 2016-07-12 07:17:31-04

According to AAA's latest fuel report, the nation continues to enjoy a 30-day slide on gas prices.

It's the longest such streak since a period of August to September 2015.

The national average, according to the auto club, is now $2.25 for a gallon of regular unleaded gasoline.

That price is more than 50 cents cheaper than it was a year ago.

Comparatively in the Sooner State, the average is $1.99, which ranks second in the country behind South Carolina's $1.92 per gallon.

Focusing on Tulsa, the average gets even better. it's just $1.88 and can be found for less than that. At area QuikTrips, for example, gas is $1.79.

*Editor's note: After this story was written, prices went up to $1.89 at area QuikTrips.*

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Citing the latest U.S. Department of Energy report, gas production in the U.S. is just 100,000 barrel per day short of an all-time record, which means supply far outweighs demand.

Prices, though, fluctuate often and could rebound if supply shrinks, there's turmoil in global markets or politics or, as the U.S. Energy Information Administration explains, there are refinery or pipeline issues.