Tulsa gasoline prices up again
BY ROD WALTON World Staff Writer
Tuesday, August 07, 2012
8/07/12 at 2:34 PM
The Tulsa gasoline average is headed above $3.50 for the first time since April as crude oil futures jumped above $93 per barrel in Tuesday morning trading.
Quik Trip raised its pump price for regular unleaded to $3.499, up 11 cents from the previous day. The Tulsa-based convenience store chain upped the retail cost 11 cents to $3.399 only a week ago.
“Unfortunately July has not been a good month,” QuikTrip spokesman Michael Thornbrugh said. “We don’t produce it, we don’t refine it and we don’t transport it. We’re bottom of the food chain just like everybody else.”
Wholesale gasoline prices have risen more than 50 cents per gallon in Oklahoma’s region, according to reports. Events such as the California refinery fire and local environmental mandates may push the cost even higher.
“How much will that play into that?” Thornbrugh asked.
Crude oil futures movements weren’t helping to brighten the outlook. Trading for West Texas Intermediate jumped more than $1 to nearly $94 in morning trading on the New York Mercantile Exchange.