Gas prices could drop another 35 cents by Thanksgiving

August 12

11:18 2019

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Texas gas prices have fallen 6.0 cents per gallon in the past week, averaging $2.38/g today, Monday, Aug. 12, according to GasBuddy’s daily survey of 13,114 stations. Gas prices in Texas are 10.4 cents per gallon lower than a month ago, and 24.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Texas is priced at $2.05/g today, while the most expensive is $3.49/g, a difference of $1.44/g. The cheapest price in the entire country today stands at $1.82/g while the most expensive is $5.49/g, a difference of $3.67/g.

The national average price of gasoline has fallen 6.8 cents per gallon in the last week, averaging $2.63/g today. The national average is down 15.9 cents per gallon from a month ago, yet stands 21.7 cents per gallon lower than a year ago.

“The national average price of gasoline has now fallen to the lowest level of the summer, but even better, the lowest since March as gas stations pass along the recent drop in oil prices brought on by the U.S./China trade rift,” said Patrick DeHaan, head of petroleum analysis at GasBuddy.

Neighboring areas and their current gas prices:

Midland Odessa- $2.56/g, down 2.8 cents per gallon from last week’s $2.59/g.
San Antonio- $2.34/g, down 3.5 cents per gallon from last week’s $2.38/g.
Austin- $2.39/g, down 3.7 cents per gallon from last week’s $2.42/g.

“However, the drops in gas prices could slow in the weeks ahead as some OPEC members talk about cutting oil production to stem the recent drop in oil prices. That possibility pushed oil back up $3 per barrel from the lows seen last week,” DeHaan said. “However, a production cut from oil producers may be more akin to putting lipstick on a pig as oil markets have plenty of downside ahead as demand for fuels begins to move lower into the fall with summer driving season ending soon. The U.S. national average could fall an additional 35 cents per gallon by Thanksgiving even after this week’s drop should the trade tensions and geopolitical risks remain the same.”

Gas Prices in Breckenridge, Texas

For more gas prices, click here to visit the Gas Buddy website.
Gas Station	Regular price per gallon	Diesel price per gallon
Allsup's - Alon 511 W. Walker St.	2.47	2.99
Conoco - South (Whoa-N-Go) 411 S. Breckenridge Ave.	2.47	2.99
Double Six - Conoco 1602 W. Walker St.	2.49	2.89
Graham Y Fuel 2609 U.S. Hwy 180 E.	2.69	2.99
7-11 East 1311 E. Walker St.	2.39	2.85
7-11 West 3074 W. Walker St.	2.39	2.85
Valero 900 E, Walker St.	2.49	2.89
Walmart 3800 W. Walker St.	2.37	2.85