Lowest Gas Prices In Enid

Mar 14, 2017, 00:37
Lowest Gas Prices In Enid

Record high storage levels of crude in the USA last week sent oil prices falling by about $5 a barrel, down to less than $48.50 a barrel for the US benchmark.

Houston-area fuel costs remain flat, but the national average price for gasoline fell by almost 2 cents in the past week because of plummeting oil prices.

Market experts have noted that for the past five years, gas has risen 30-75 cents per gallon from the February low to the start of driving season, usually around Memorial Day in late May. About GasBuddy GasBuddy is the technology company changing the way more than 60 million consumers find, purchase, and save money on gasoline. AAA reports the average gallon of regular unleaded in Texas costs $2.09 with Houston's gas priced at an average of $2.08. "With little warning or expectation, crude oil last week broke out of the rut it had well established, with crude prices falling out of a three-month range of $51-$54 per barrel to $49".

The drop should be temporary because prices usually rise in the spring, a AAA spokesman said. By contrast, the cheapest gas is located in Springfield, at $2.23 per gallon. It's one cent lower than that in Alabama at $2.05.

The Florida average was $2.274 on Monday, down from $2.288 a month ago and flat with a week ago.

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Two neighboring gas stations got into a bidding war and gas prices plummeted all the way to 79 cents. At this time in 2016, the state average was $1.912.

They are remaining cautiously optimistic, though due to fluctuating oil prices, which can have a direct impact on the price you pay at the pump. WTI traded as low as $47.90 early Monday morning.

Bridgeport- $2.48/g, up 0.8 cents per gallon from last week's $2.47/g.

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