KGOU

gasoline

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Magellan Midstream Partners started pumping gasoline from underground storage tanks across the state Wednesday after an announcement earlier this week that 450,000 gallons were blended with three times the typical amount of ethanol.

More than 100 businesses across the state, mostly retail gas stations, received the fuel that could be up to 30 percent ethanol. It was sent from the facility between August 23 and 29. The company has set up a hotline for consumers at 1 (855) 378-9466.

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New government data shows that consumer spending in Oklahoma soared nearly 16 percent from 2009 to 2012.

The figures come from a new report from the Bureau of Economic Analysis that for the first time reveals consumer spending on a state-by-state basis.

In Oklahoma, per-person spending was $31,391 in 2012, compared to $27,154 in 2009 when the recession ended. Only North Dakota clocked a higher gain, at 28 percent during the same period.

pumping gas
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AAA Oklahoma says the state's average price for a gallon of regular unleaded gasoline is up to $3.48 per gallon, the highest price since September 2013.

The automobile travel organization reported Tuesday the statewide average price jumped nearly 3 cents overnight, with some cities, including Tulsa, seeing even steeper climbs.

AAA cited the ongoing conflict in Iraq as a driving factor in the price hike.

pumping gas
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AAA Oklahoma reports that the average price for a gallon of self-serve gasoline is falling in Oklahoma.

The agency said Tuesday that the statewide average for regular gas is now just less than $3.40 per gallon — a drop of seven cents per gallon since about a month ago and down just more than three cents from last week.

Prices in selected cities range from $3.30 per gallon in Bartlesville and Grove to $3.49 per gallon in Guymon. Drivers in Oklahoma City are paying just less than $3.39 per gallon while the average cost in Tulsa is $3.33.

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The price of a gallon of regular self-serve gasoline is at a two month high in Oklahoma.

AAA Oklahoma reported Tuesday that the statewide average was nearly $3.06 per gallon — up from $2.97 per gallon a week ago. AAA said the national average on Tuesday was $3.32 per gallon.

The prices in selected cities across Oklahoma range from just under $2.97 per gallon in Tulsa to $3.17 per gallon in Ponca City. The average price in Oklahoma City was just below $3.07 per gallon.

pumping gas
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The average price of a gallon of gas in Oklahoma inched above $3 heading into the busy holiday travel week.

AAA Oklahoma says it's the first time since Nov. 4 that unleaded gas averaged more than $3 per gallon in the state. Still, Oklahoma has the second-lowest gas price in the country, only trailing Missouri's average of $2.99 per gallon.

The AAA says the national average price of gas has increased for 14 straight days, jumping 11 cents to an average of $3.29 per gallon on Tuesday.

In recent weeks, economists have been worrying about the negative impact of the now-ended government shutdown and potential debt crisis.

But away from Capitol Hill, the economy has been getting a big boost: Gasoline prices have been declining, week after week. In some parts of the country, a gallon of unleaded regular gasoline is now down to less than $3 a gallon — a price most Americans haven't seen in three years.

And any time the pump price starts dropping, consumer spirits start rising.

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The price of gasoline continues to rise across Oklahoma.

AAA Oklahoma reports Tuesday that the statewide average for regular unleaded gas is almost $3.53 per gallon — an increase of 4 cents per gallon since last week.

The average in selected cities range from about $3.43 per gallon in Tulsa to nearly $3.65 per gallon in Guymon. The average price in Oklahoma City is $3.52 per gallon.

The statewide average is 9 cents per gallon more than a month ago and 12 cents per gallon higher than at the same time last year.

The national average is $3.67 per gallon.