Oklahoma State Treasurer Todd Russ has released the Feb. 2024 Economic Report, here are the reports:
- February saw a Gross Production Tax increase of $94.5 million or 4.9%.
- That’s about 114 GMC Sierras
- The Average WTI Crude Oil Price is up more than $5 from January of 2024 at $77.25. The average oil rig count is down 42 as well.
- That’s about 3,360,000 square feet in Oil Rigs
- The Oklahoma Stock Index and Dow Jones Industrial Average are both up $64.17 and $38,996 respectively.
- Combined, that can net 1,015 Oklahoma Thunder tickets at $41 per ticket.
- Oklahoma’s Business Conditions fell below neutral to 46.9 out of 75.0, a decrease of 2 points from January.
- The lowest Index recorded in the last decade reached 34.7, which occurred in 2020.
- Oklahoma’s Unemployment Rate has risen to 3.9%, a 0.4% increase from January.
- That’s approximately 155,493 Oklahomans (according to the 2021 Oklahoma population.)
- Consumer Prices rose to 0.4% out of 1.5%. Shelter and gasoline contributed over 60% of the monthly increase with energy rising 2.3% over January.
- The index for groceries and food remained unchanged.
- The average 30-year fixed-rate mortgage has increased to 6.78%, which is up 0.14% from last month.
- Mortgage was expected to fall in February, but contrary to the masses, it rose.
