Oklahoma

Gas vs. electric driving costs · adjust vehicle and price period below

2018Jan '26May '26
201820192020202120222023202420252026
⚡ Electric wins
$272/yr
at 12k mi/yr
⛽ Gas · $2.31/gal
6.1¢/mi
⚡ Elec · 12.6¢/kWh
3.8¢/mi

Why is it like this in Oklahoma?

Oklahoma has historically had some of the cheapest electricity and gasoline in the country — and both remain relatively cheap, but the electricity cost trajectory is changing. At least 18 data center projects are planned in Oklahoma, with OG&E projecting a 38% generation shortfall by 2035 and PSO already seeking a 15% rate increase on top of a $119.5 million hike approved in early 2025. At the January 2026 baseline, electricity is still the cheaper per-mile option for Oklahoma PHEVs — though Oklahoma's low gas prices and rising electricity costs from data center load growth are steadily narrowing that advantage.

In the news · Oklahoma

Curated coverage of Oklahoma's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

Southwest region comparison

State Electric ¢/mi Gas ¢/mi Cheaper Annual diff
Arizona 4.7¢ 7.8¢ ⚡ Electric $364/yr
New Mexico 4.5¢ 6.8¢ ⚡ Electric $287/yr
Oklahoma 3.8¢ 6.1¢ ⚡ Electric $272/yr
Texas 4.8¢ 6.3¢ ⚡ Electric $191/yr