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Local businesses benefit from lowest August gas prices in years

OKLAHOMA CITY – Oklahoma is seeing the lowest prices at the pump in August since 2010.

For many local businesses like Capitol Hill Florist that means added benefit to customers.

“We’re able to go out to remote areas where maybe we couldn’t deliver before because it is a little more cost-effective because the fuel is a better price,” Kent Whitnah, president of Capitol Hill Florist said.

Making weekly deliveries adds up to 1,500 miles on the odometer for the florist. Lower fuel prices may help trim costs further because so many bouquets must be shipped by air from South America.

“The diesel prices for that has really affected gas prices over time, and that’s where we’ve really seen the increase,” Whitnah said.

Compared to other states, Oklahoma’s prices are among those dropping the fastest.

In the past month, prices have dropped 22 cents a gallon with some stations advertising prices below three dollars.

The Oklahoma Blood Institute typically shells out three-quarters of a million dollars in fuel expenses.

“The Oklahoma Blood Institute travels millions of miles a year delivering blood to hospitals for patients, collecting the blood from blood drives and donation centers from across the state,” said Leslie Gamble, Director of Community Relations for OBI.

Right now, the most serious threats to fuel prices are violence in the Middle East and possible hurricanes in the Gulf of Mexico.

For more information visit the Daily Fuel Gauge Report.