Gas prices still headed lower

Posted by jack money
on October 6, 2008M at 8:30 am

Oklahomans are continuing to enjoy some of the lowest gasoline prices in the nation, AAA.COM shows.

The statewide average for a gallon of gas today is $3.121, compared to a national average of 3.504.

Oklahoma’s average, which has fallen about 40 cents a gallon in just the past month ranks cheapest compared to every other state in the nation.

Kansas’ average price today is $3.166 a gallon, and Missouri’s is $3.181.

New Jersey’s comes next, at $3.233.

Experts say prices in Oklahoma and the nation continue to fall because of falling demand. They attribute the demand drop to deepening concerns the country is in a recession. The U.S. consumes about a quarter of the oil used daily within the world, they add.

By Jack Money, Business Writer



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