The price of gas is something that affects Americans everyday, and therefore is often top of mind.
Whether you have a daily commute, or you’re planning on traveling more than usual this summer, you’re probably dreading the annual summer uptick in gas prices.
Here’s what you need to know about this weeks average gas prices, how they compare to previous averages and when you can expect an increase in gas prices.
How much is gas in Oklahoma?
Gas pump and prices are pictured Dec. 9, 2021, in Oklahoma City. CHRIS LANDSBERGER/THE OKLAHOMAN FILE
As of May 7, Oklahoma’s average gas price was $2.74 per gallon, according to AAA. This is compared to the national average price of $3.17 per gallon.
While this is a decrease compared to the average price of $3.15 per gallon on May 7, it is an eight-cent increase over a week ago.
However, we can applaud that Oklahoma’s average gas prices have decreased quite a bit compared to one year ago, when Oklahomans saw an average of $3.20 per gallon at the pump.
Will gas prices go up this summer?
Gas prices typically see an increase during the summer months, thanks to an increase in demand and a different fuel blend needed during warm weather.
According to the U.S. Energy and Information Administration’s summer forecast, national average prices for regular unleaded will be around $3.10 per gallon April through September.
If this estimate turns out to be accurate, it would be the lowest inflation-adjusted summer average price since 2020, the agency said.
When are gas prices the highest?
Gas prices tend to be at their lowest in February and peak right before Memorial Day, according to the National Association of Convenience Stores.
This article originally appeared on Oklahoman: What’s going on with gas prices? Have we seen a summer increase yet?
Read the full article here
