The national average price per gallon of regular self-serve gasoline is at a decline as well as Oklahoma’s average. The national price is cheaper than this time last year. This is the first time since November 2011 that Oklahoma is experiencing this decline.
The low costs are a result of crude oil prices declining and refining issues eased. Diplomatic talks with Iran are in progress. Since the decline, the U.S. dollar is becoming stronger. The U.S. dollar strengthens as overseas economies weaken.