© 2021 Public Radio Tulsa
800 South Tucker Drive
Tulsa, OK 74104
(918) 631-2577

A listener-supported service of The University of Tulsa
PRT Header Color
classical 88.7 | public radio 89.5
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Local & Regional

The Latest from the Oil Patch

3143242-1020557401.JPG
KWGS News
/
Tulsa's Sinclair Refinery along Southwest Blvd. in West Tulsa

By John Durkee

http://stream.publicbroadcasting.net/production/mp3/kwgs/local-kwgs-837491.mp3

Tulsa, OK – The price of crude oil is bouncing all over the place and that is causing our gasoline prices to do the same. Tulsan Dewey Bartlett, Junior is the president and CEO of Tulsa based Keener Oil. He says the price of oil has jumped about $10 a barrel within a month. He believes the spikes are brought on by what some see as an economic recovery.

But, if you are like most people you don't buy your oil by the barrel. Instead, you buy its gasoline by-product by the tank full. Chuck Mai with the AAA auto club, in Oklahoma City agrees, with Bartlett's assessment. He says the perception of a rebounding economy that has prices escalating.

Bartlett cautions that prices could dramatically increase based on the demand, especially in China. By the end of summer you could be paying much more for your petroleum products.