December 26, 2019 –Football fans from Oklahoma headed to Houston (OSU) and Atlanta (OU) are among the more than 100 million Americans taking to the roadways today. Fortunately, gas prices won’t be a concern along the way.
As of today, only about a dozen states are seeing more expensive gas prices with increases of less than a dime. “Oklahoma isn’t one of them,” said Leslie Gamble, AAA Oklahoma spokesperson. “Nor are other states along the routes of our teams’ bowl games.”
The nation’s top 10 least expensive markets for gas prices are: Missouri ($2.19), Mississippi ($2.28), Texas ($2.22), Oklahoma ($2.23), Louisiana ($2.24), Arkansas ($2.26), Kansas ($2.25), Alabama ($2.27), South Carolina ($2.28) and Tennessee ($2.31).
Those attending the Peach Bowl will find gas prices hovering around $2.39 a gallon in Atlanta.
Today’s national gas price average is $2.55, which is unchanged from last week and four cents cheaper than last month. While the national gas price average continues to slowly edge cheaper, it is noticeably more expensive than last year’s holidays - by nearly 25 cents. However, this isn’t deterring people from taking holiday and bowl game road trips.
Oil Market Dynamics
At the close of last Friday’s formal trading session on the NYMEX, WTI decreased by 74 cents to settle at $60.44. Crude prices ended the week up slightly over the previous week amid increased optimism that trade tensions are continuing to decline between the U.S and China -- the world's two largest crude oil consumers. This hope has reduced market concerns that global crude demand will decrease next year, helping to raise price expectations for early 2020.
Crude prices also increased this week after EIA’s recent petroleum status report revealed that total domestic crude stocks decreased by 1.1 million bbl to 446.8 million bbl last week. Total domestic stocks are 5.4 million bbl higher than where they were at this time in 2018.
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.