The Woodward News

Local News

January 11, 2013

Officials say filling up may cost less in 2013

Woodward, Okla. — OKLAHOMA CITY - Officials believe gas prices may see some additional decreases, or at least remain stable, over the remaining winter.

However, several fuel analysts had been predicted lower prices that weren't realized in some areas last month.  For example, Chuck Mai, director of public affairs for AAA Oklahoma, said AAA analysts had anticipated the cost of regular unleaded to fall below $3 in Woodward by the end of Dec. 2012.  But prices only hit a low around $3.13 in the area.

The problem, Mai said, is that there are a variety of factors that go into analyzing fuel prices which can sometimes make cost predictions a challenge.

"Predicting the price of gas is like determining odds for the World Series," he said. "Many factors - the economy and the fuel supply, for example - influence the price. It's like trying to nail a feather to a wall."

REMAINING WINTER PREDICTIONS GOOD, AAA SAID

Nevertheless, analysts are confident that the short-term outlook, covering the next 3 months or so, is favorable for keeping prices down or even dropping somewhat.

Mai said gas in 2013 will be less expensive than last year due to increased production and less demand.

Patrick DeHaan, senior petroleum monitor for the online gas price database GasBuddy.com, agreed that more fuel production will help to keep prices down.

DeHaan said a recent build up in gasoline inventories could interrupt what had become an annual trend where in 6 out of the last 7 years, U.S. retail gasoline prices have risen from Christmas Day through mid-January.

"WIth an increase over last month of 16.1 million barrels, that's 7 percent more, the gasoline inventory now exceeds the highest level reached during 2012 and the highest point since February 2011," he said.

DeHaan said a lower demand during the holidays and an increase in production likely supported the inventory rise.

Text Only
Local News
  • 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

  • Red Cross seeking additional volunteers

    The Red Cross is currently looking for volunteers in Woodward and the surrounding areas.

    July 20, 2014

  • Changes in military surplus program still causing some problems

    OKLAHOMA CITY — Cities, counties and school districts remain frozen out of a federal program that has sent millions of dollars worth of trenchers, trailers, semis, bulldozers, boats and forklifts and other equipment over the years.

    July 20, 2014

  • Love for Dr. Waddell easy to see

    Doctor Donald Waddell is known by many names by many people.

    July 20, 2014 1 Video