OKLAHOMA — Gas prices are on the rise in Oklahoma, a welcome sign for those in the oil field.
A price of unleaded gasoline is averaging $2.41 per gallon Tuesday, 19 cents above the price recorded 28 days ago, according to AAA.
“There are three reasons crude is moving higher: slowing U.S. production, a weakening U.S. dollar and the expected increase in demand in China. At the same time, though, robust supply and high OPEC output will work to hold a lid on how high crude oil prices can go,” Chuck Mai, spokesman for AAA Oklahoma said.
Drivers are paying about three cents more per gallon than one week ago, and 27 cents per gallon more than one month ago. But AAA says the national average is still quite a bit below prices from one year ago.
Gas prices may not change all that much by Memorial Day weekend, which would result in the cheapest Memorial Day gas prices in at least five years.