$1.99 gas returns to the U.S.

INDIANAPOLIS (WANE)  – Gas is selling for $1.99 a gallon in Oklahoma City, the first time the price has dropped below $2.00 since July 30, 2010 according to GasBuddy.

The national average currently stands at $2.74 which is 51 cents lower than what the average was  a year ago.

“We knew when we saw crude oil prices drop last week that we’d break the $2 threshold pretty soon, but we didn’t know if it would happen in South Carolina, Texas, Missouri or Oklahoma,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Those are all low-tax states and all have statewide averages at $2.52 or less.

Here are the lowest prices in the states with the lowest averages:

  • $1.99 Oklahoma City, OK
  • $2.17 St. Louis, MO
  • $2.17 Houston, TX
  • $2.19 Charleston, SC
  • $2.20 Clarksville, AR
  • $2.22 Hattiesburg, MS
  • $2.22 Baton Rouge, LA
  • $2.27 Albuquerque, NM
  • $2.27 Memphis, TN

The broad decline in crude oil and wholesale gasoline prices means more gas stations can be expected to head south, figuratively speaking,” added Gregg Laskoski, another senior petroleum analyst with GasBuddy.

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