Texoma gas prices under $3 a gallon

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Posted: 11:45 AM Oct 7, 2008
Last Updated: 6:25 PM Oct 7, 2008
Reporter: Rashi Vats
Email Address: rashi.vats@kxii.com

28 comments

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SHERMAN, TX -- There is some economic news that’s good for a change this week, as gas prices are dropping to levels we haven't seen in a long time, under $3 a gallon.

The price of oil closed under $88 a barrel on Monday, making the average price for a gallon of gas below $3.50 a gallon nationwide.

But as you have probably seen across Texoma, the price is quickly slipping below the $3 mark. Prices under $3 a gallon have been reported on both sides of the Red River this week.

Experts say this could be the scene for a few more days, if not longer.

Tim Vanmeter of Durant says he has been paying more than $120 at the pump each time he fills up his pickup truck, but Tuesday it was different. He spent less than $70 to fill up.

Gas prices in southern Oklahoma were as low as $2.79 in some places Tuesday.

Customers seem much more relieved to be paying at the pumps now. Ever since this morning, gas prices jumped to$2.99 in Grayson County.

"Now it's great. I was going to the store and turned around and came back here. Saw it was $2.99 and though it was pretty good," Sherman resident Corey Rockins said.

Why the sudden decrease in price??

Fuel officials from Douglas Distributing say crude oil prices declined by more than $6 a barrel Monday, and now retailers are just passing along the savings to motor fuel consumers and that means lower prices.

"By passing the savings on to the consumers people are out driving more and filling their tanks up and traveling again which is good," Douglass Distributing president Matt Willeford says.

Officals from Douglass Distributing say we should expect the gas prices to continue to decrease slightly, but they are expected to go down even more before they plateau.

YOU TELL US! Leave a comment below with any station's gas price, and we'll track the cheapest places to fill up in Texoma.

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Comments are posted from viewers like you and do not always reflect the views of this station.

Posted by: Anonymous on Oct 12, 2008 at 02:48 PM
Judge, that was your problem in the first place you should have none that you were going to have to pay the taxes on it, before you signed up for winning it, did you not read the fine print

Posted by: Louis A. Morales Location: Plymouth Indiana on Oct 9, 2008 at 12:44 PM
Gasoline here at plymouth can be found at $2.96 a gallon. It has been dropping steadily.

Posted by: Judge on Oct 9, 2008 at 10:46 AM
Bill in Denison, you are the type of person who is happy over $3 gas. What a joke. It is still 50% overpriced. BTW yes I do complain about winning. I won a vehicle and had to pay the taxes on it. Taxes on winning a $40,000 vehicle are so high that you have to sell it just to have the money to pay the taxes. Thanks to the government $40,000 in supposed winnings dwindled quickly. In reality you can only sell it for about $30,000 because you owned it and it is now "used". I lost $10,000. I have to pay the $13,000 to the government in taxes (36% on winnings). I lose another $13,000. My $40,000 prize has been reduces by $23,000. You are right. There is always something to complain about. :<>

Posted by: American Location: Durant on Oct 9, 2008 at 08:53 AM
If it goes down another $2.00. I'll vote republican all the way. MC is right it is all politics.

Posted by: OOTO Location: Texoma on Oct 9, 2008 at 08:32 AM
2.75 last night at the Lucky Stop #8 and what used to be Snacks N Tracks in Sherman.

Posted by: km Location: durant on Oct 9, 2008 at 08:29 AM
Gas is 2.76 in Durant now.

Posted by: Melissa Location: Oklahoma on Oct 8, 2008 at 03:44 PM
Have you read the latest news, OPEC is trying to put a floor under the gas prices going down by reducing the supply. They should be in a lawsuit just like Kwik Chek for trying to set the price.

Posted by: j Location: tx on Oct 8, 2008 at 03:40 PM
yeah keep going down!

Posted by: Me Location: Cartwright on Oct 8, 2008 at 11:22 AM
Gas was $2.75 at Lucky Stop in Cartwright this morning.

Posted by: MC Location: Durant on Oct 8, 2008 at 10:52 AM
We all enjoy the price drop. 2.79 is the lowest I've seen in Durant. I predict, however, that we will see 2.50 or even 2.40 before the election. Imagine that it might help the election turn outs. It is all based on politics. Then we'll return to 3.50 or so for the next year. Watch and see.

Posted by: gasman Location: grayson on Oct 8, 2008 at 10:49 AM
Hey don't be happy with gas at $3.00,guys. Gas is selling on the market for in the $1.90 range and our gas inventory increase by 7.1 million barrels this week. Go to CNBC.com and check it out for yourself. So there is no reason for gas to stay anywhere close to $3.00 for very long. So don't let Mr. Douglas act like he is doing everyone a big favor. So everyone please keep pressure on media and the goverment to help lower prices.

Posted by: texan Location: texas on Oct 8, 2008 at 10:14 AM
Marty, could you please look up the word ignorant in the dictionary? I am glad the gas prices are going down, it might help w/the blow from losing alot out of my 401K plan.

Posted by: Troyce Location: Durant on Oct 8, 2008 at 08:46 AM
It's $2.79...at the Loves in Colbert Ok off of hwy 75.

Posted by: Bob on Oct 8, 2008 at 07:00 AM
its a sad day when we are excited about $2.99 a gallon for gas... boy have we been conditioned to accept these inflated prices...

Posted by: Marty Location: Ada on Oct 8, 2008 at 03:31 AM
But what people DONT understand is that Wal-mart gas contains ethenol. I see people fill up there every day without flex fuel vehicles. U loose money on ur milage. Is the general public really that igernate??

Posted by: resident Location: Southmayd on Oct 7, 2008 at 10:30 PM
Gas is 2.99 at Country Food Mart near Hwy 289..They are really competitive to the others in Sherman!!

Posted by: Boo Location: Sherman on Oct 7, 2008 at 09:25 PM
But, but, the economy is a wreck.... wait.. WHAT?!!?!?!?

Posted by: Anonymous on Oct 7, 2008 at 09:24 PM
Troyce, you do not have to have a credit card to get gas this cheap

Posted by: Ellen Location: Sulphur, Ok. on Oct 7, 2008 at 09:17 PM
It's 3.15 here in sulphur go figure.

Posted by: bill Location: denison on Oct 7, 2008 at 07:45 PM
To judge you are the kind of person that would cry about winning money. go back under your rock.

Posted by: happy Location: Antlers on Oct 7, 2008 at 06:42 PM
Gas prices at Shell in Antlers is $2.79, 5 cents off each gallon if paying cash.

Posted by: Yeah! Location: Sherman on Oct 7, 2008 at 04:46 PM
In Sherman.....Albertson's $2.99, Walmart $2.99 across the Hwy I think it is $2.88 if you get a car wash... yeah.. keep dropping!!!!

Posted by: Troyce Location: Durant on Oct 7, 2008 at 03:28 PM
I think you have to have a Wal-Mart credit card to get the gas that cheap.

Posted by: Troyce Location: Durant on Oct 7, 2008 at 03:25 PM
At chucks corner out of Durant on 78 it's $2.89..I will be filling up today on the way home.

Posted by: john Location: Tishomingo on Oct 7, 2008 at 02:32 PM
Someone need to look into the prices here in Tishomingo $3.18.

Posted by: Passin Through Location: Any Where No Where on Oct 7, 2008 at 01:29 PM
CORRECTION: Gas is $2.79 at Wal Mart in Durant.

Posted by: jim Location: durant on Oct 7, 2008 at 12:23 PM
It is 2dollers and 82 cents at wal-mart in durant.

Posted by: Judge on Oct 7, 2008 at 12:14 PM
Wow, I will now save $4.00 on a tank of gas. That more than makes up for my stock market losses in the past few weeks (rolling eyes).

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