“Why are Tulsa Gas Prices So High? An Expert Explains”

Tom Kloza with the Oil Price Information Service says there’s plenty of oil, but not enough refining in our part of the nation.


Kloza tells KWGS refining capacity in this part of the nation is the lowest it has been since about 1990. He expects the wholesale, and thereby the retail, price of gasoline to continue to climb for the next several weeks. He says price will flirt with the $4 a gallon mark. He says right now, wholesale prices in Oklahoma are higher than in Texas, the East Coast and even California.  He says once refineries get back in line prices will drop almost as dramatically as they increased. Kloza says the price drop should come in early June. Until, then it will be very painful at the pump.

Read more at: kwgs.org


StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »

Economy
Education