Gas Prices Expected to Rise Until Summer
Gas prices are up more than 22 cents since last month and are expected to keep climbing until after Memorial Day, according to a new report released today by AAA.
Oklahoma's statewide gasoline price average today is $3.33 per gallon for regular self-serve, 22.5 cents above where it stood one month ago.
"AAA expects Oklahoma's as well as national price averages to increase 10 to 20 cents more this spring before falling after Memorial Day, barring any unexpected market- moving events," said Chuck Mai, spokesman for AAA Oklahoma.
"What's happening now in the Ukraine could constitute such an event should global oil supplies be impacted."
Oklahoma's gas prices are still below the nationwide average and below where gas prices were a year ago.
Gas prices ended February with the largest increase since July with the Oklahoma average rising a bit more than 22 cents and the national average up about 17 cents per gallon over the course of the month.