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Gas Prices are far lower than last year

What a Difference a Year Makes

This Week
The start of summer is nearly here, and drivers are finding prices far lower than last year.  Lackluster demand and low oil costs are keeping gas prices relatively stable.  The national average for a gallon of gas remained stable since last week at $3.58, which is $1.43 less than a year ago. In Oklahoma, the gas average is $3.20today, down one penny in the last week and $1.47 lower than one year ago.

According to new data from the Energy Information Administration (EIA), gas demand decreased slightly from 9.22 to 9.19 million b/d last week. Meanwhile, total domestic gasoline stocks increased by 2.1 million bbl to 220.9 million bbl. Lower gas demand amid increasing supply has helped to limit pump price increases. If demand remains tepid, pump prices will likely fluctuate moderately through next week.



Regular Unleaded Gasoline (*indicates record high)



Week Ago

Year Ago









Oklahoma City












Le Flore /




Crude Oil

$71.70 per barrel (06/16/23)

$70.17 per
barrel (06/09/23)

$109.56 per
barrel (06/17/22)



At the close of Friday’s formal trading session, WTI crude oil settled at $71.70, up 2% on the week. Oil prices had declined the previous two weeks due to market concerns about the U.S. Federal Reserve resuming interest rate increases, which could tip the economy into a recession. If a recession occurs, oil demand and prices will likely decline.



The Weekend

“We may be in a bit of a demand lull heading into the July Fourth holiday,” said Rylie Mansuetti, AAA Oklahoma spokesperson. “Drivers are benefitting financially, with 20 gallons of gas costing nearly $30 less than last year. And with the cost for oil low, drivers will find pump prices that are flat or drifting slightly lower for now.”

AAA has a variety of resources to help motorists save on fuel:


Next Weekend Gas Watch: Friday, June 23, 2023

About AAA:
AAA provides automotive, travel, and insurance services to more than 62 million members nationwide and more than 400,000 members in Oklahoma.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  AAA is a non-stock, membership corporation working on behalf of motorists, who can map a route, find local gas prices and electric vehicle charging stations, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app ( for iPhone, iPad and Android.  For more information on joining or renewing a Membership, visit

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