The Woodward News

Local News

August 7, 2012

Gas prices on the rise across Oklahoma

Woodward, Okla. — Woodward residents went back to work this week with unleaded gas averaging approximately 24 cents higher than when they went home Friday. By mid-afternoon on Monday, prices had reached as high as $3.59 a gallon in most places locally.

On Friday, gas was between $3.34 and $3.36 a gallon.

The higher price was reported by observers to oklahomagasprices,com, an affiliate of gasbuddy.com

Patrick DeHaan, gasbuddy.com's senior petroleum analyst, said despite the price rise, the cost in Oklahoma this week was 3.4 cents lower than last year. But it was still 21.8 cents higher than a month ago.

That left the Oklahoma average as of Monday morning at  $3.44/gallon, while the national average is $3.60.

DeHann said a government report on a rise in employment may have spurred the price increase.

"When the economy goes up, so do gas prices," he said. "The rise was just due to not a whole lot more than some good news."

However, DeHaan said there may have been some slight influence created by refinery and pipeline difficulties in the Great Lakes region.

"The gas price rose by 33 cents in that area," he said.

One would have thought the country had been struck by a major hurricane, or that war had broken out in the Middle East as possible causes for the increase, DeHaan said.

"Either one of those things could still happen," he added.

A DECREASE COMING?

"We look for the prices to stay about where they are for the next 1 to 2 weeks, and then start to go down some as we approach Labor Day," said DeHaan.

A transition to fall-winter refined fuel formulations and the accompanying end of the summer driving season may also lead to prices starting to fall, said AAA Oklahoma's Vice President-Public Affairs Chuck Mai.

"So much of what happens with oil prices depends on psychological, and not true economic factors," Mai said. "Prices are due for a correction. They're higher than they should be from an economic standpoint."

1
Text Only
Local News
  • Tulsa man looking for military friend

    There are times in everyone's life when you think back and wonder whatever happened to those old friends from your past.

    July 23, 2014

  • Zoning change approved by commission

    Monday night Woodward city commissioners unanimously approved a zoning change that was contested by one local man who was protesting because he wants the neighborhood to continue its residential growth.

    July 23, 2014

  • Tangier Reunion set for Saturday, Sunday

    When Barbara (Allison) Merwin thinks back to the years she spent in the classrooms of Tangier High School, it takes a few moments for her to recall how school life was 60 years ago.

    July 23, 2014

  • Traveler Majors take regional opener

    ALVA - The Traveler Majors continued their strong Connie Mack playoff showing at Northwestern Oklahoma State University Tuesday.

    July 22, 2014

  • County OKs road use agreement

    Woodward County Commissioners on Monday approved a final version of a road use agreement between a energy company planning a wind turbine construction project near southeast Woodward County.

    July 22, 2014

  • Camp to show art is everywhere

    The Woodward Arts Theatre will become a recycling plant next week.

    July 22, 2014

  • Fairview Wrangler Rodeo turns 50 this year

    Western fun continues in Northwest Oklahoma as the Fairview Wrangler’s hosting their 50th annual rodeo.

    July 22, 2014

  • Common Core repeal has educators worried

    OKLAHOMA CITY (AP) — With the Legislature's repeal of tough, new English and math standards known as Common Core, education leaders said they're concerned Oklahoma students will fall further behind their counterparts in more than 40 state which have implemented the standards.

    July 22, 2014

  • web1.jpg Travelers win Connie Mack state championship

    Down 2-0 and down to their final three outs, the Traveler Majors delivered a championship rally in the seventh inning Sunday.

    July 20, 2014 9 Photos

  • Hearing set on rezoning

    City commissioners will tackle rezoning items and a licensing agreement amendment Monday evening at the regularly scheduled meeting of the City of Woodward and Woodward Municipal Authority.

    July 20, 2014