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By: Evan Onstot – KOCO – A Bureau of Labor Statistics chart says it all, Oklahoma was hit hard by the massive...
Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon decreased by one cent since last week to $3.56 per gallon. In Oklahoma, the gas average is $3.22, down two cents in the last week and $1.04 lower one year ago.
According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.43 to 9.1 million b/d last week. Lower demand has helped to cap increases in pump prices. Meanwhile, total domestic gasoline stocks dropped slightly to 216.1 million bbl. If gas demand declines, drivers will likely see pump prices fall.
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