Retail Trade Up 1.4% for Metro Area in '91
Titus, Nancy Raiden, THE JOURNAL RECORD
By Nancy Raiden Titus Journal Record Staff Reporter Retail trade in the Oklahoma City metro area rose 1.4 percent in 1991 despite a slight decline in the fourth quarter, according to research conducted by the University of Oklahoma.
Total retail trade for 1991 reported by the Oklahoma City Metropolitan Statistical Area was $5.2 billion, up from $5.16 billion in 1990. Trade for the fourth quarter was $1.29 billion, down 2.5 percent from $1.3 billion reported for the last three months of 1990.
The seasonally adjusted figures were released this week by OU's Center for Economic and Management Research. The Oklahoma City Metropolitan Statistical area includes six counties: Oklahoma, Canadian, Cleveland, Logan, McClain and Pottawatomie.
The largest change was a 14.5 percent decline in metro gasoline sales during the fourth quarter. The total was $124.2 million, down from $145.3 million for the same period in 1990 just before the beginning of the Gulf Total gasoline sales for the year were also down, but not as much. The metro area reported a 5.3 percent decline for the year to $472.7 million, down from $499.2 million in 1990.
Tulsa and the state both mirrored the metro's declines in gasoline sales, with an annual decrease of 5.3 percent and a fourth quarter drop of 14.5 percent. The two areas also showed slight increases in overall retail trade for both the year and the fourth quarter.
Tulsa reported gasoline sales of $289.66 million in 1991, down from $305.89 million in 1990. For the quarter, the northeastern metro area reported sales of $76.1 million, down from $89 million in 1990.
The state sold a total of $1.39 billion in service station sales in 1991, down 5.3 percent from $1.46 billion in 1990. For the quarter, Oklahoma had $364.1 million, down 14.5 percent from $425.96 million in 1990.
Tulsa's overall retail trade was 2.7 percent higher in 1991 at $3.89 billion, up from $3.79 billion in 1990. The metro area had a 1.5 percent fourth quarter increase to $985.2 million, up from $971.1 million during the same period a year earlier.
The state had overall retail sales of $14.49 billion, up 2.2 percent from $14.17 billion in 1990. Fourth quarter trade was $3. …