Oklahoma gas prices
Oklahoma is consistently one of the cheapest states for gas. The state is a major oil and gas producer with substantial refinery capacity. Cushing, Oklahoma is the most important crude oil trading hub in the country. When you hear about "WTI crude oil prices," that's priced at Cushing.
Low state gas taxes, abundant local supply, and a competitive retail market all contribute to cheap gas. Oklahoma City and Tulsa have some of the lowest metro gas prices in the country. The state sits in PADD 3 with direct access to Gulf Coast infrastructure. Diesel is also cheap here, benefiting the state's agricultural and energy industries.
Price history
What is Cushing, Oklahoma and why does it matter?
Cushing is the pricing and delivery point for West Texas Intermediate (WTI) crude oil futures. It's the most important crude oil storage and pipeline hub in North America. Pipelines from all over the country converge there, making it the physical center of the US oil market.
Why is Oklahoma gas so cheap?
Oklahoma produces oil, refines it locally, has low gas taxes, and sits on major pipeline networks. All of these factors combine to keep prices among the lowest in the country.
How does Oklahoma compare to Texas for gas prices?
They're very similar. Both states are oil producers in PADD 3 with low taxes and abundant refinery capacity. Oklahoma is sometimes a penny or two cheaper, sometimes a penny or two more. The difference is negligible.