Breckenridge Texan

Gulf coast storms likely to have little effect on gas prices, according to analyst

Gulf coast storms likely to have little effect on gas prices, according to analyst
August 24
11:09 2020

With Hurricane Marco being downgraded to a tropical storm overnight and reports that Tropical Storm Laura might not be strong of a storm as first feared, that may turn into hurricanes, the weather could have little effect on future gas prices, according to an analyst at GasBuddy.

“All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While (now Tropical Storm) Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price.

“We should be able to weather both of these storms, barring a major increase in peak intensity,” De Haan continued. “In addition, with gasoline demand still weak due to COVID-19, there’s ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it.”

Texas gas prices have risen 1.5 cents per gallon in the past week, averaging $1.87/g today, according to GasBuddy’s daily survey of 13,114 stations. Gas prices in Texas are 1.3 cents per gallon lower than a month ago and stand 45.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the lowest price in Texas today is $1.49/g while the highest is $2.69/g, a difference of $1.20/g.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Historical gasoline prices in Texas and the national average going back 10 years:

  • August 24, 2019: $2.33/g (U.S. Average: $2.59/g)
  • August 24, 2018: $2.61/g (U.S. Average: $2.84/g)
  • August 24, 2017: $2.14/g (U.S. Average: $2.35/g)
  • August 24, 2016: $2.00/g (U.S. Average: $2.20/g)
  • August 24, 2015: $2.31/g (U.S. Average: $2.60/g)
  • August 24, 2014: $3.25/g (U.S. Average: $3.43/g)
  • August 24, 2013: $3.40/g (U.S. Average: $3.53/g)
  • August 24, 2012: $3.55/g (U.S. Average: $3.73/g)
  • August 24, 2011: $3.46/g (U.S. Average: $3.57/g)
  • August 24, 2010: $2.55/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices, based on GasBuddy reports:

  • Eastland — Lowest: $1.63/g and Highest: $1.99/g
  • Graham — Lowest: $1.88/g and Highest: $2.01/g
  • Abilene — Lowest: $1.52/g and Highest: $1.99/g
  • Mineral Wells — Lowest: $1.81/g and Highest: $2.09/g

In other parts of the state:

  • Midland Odessa- $1.92/g, down 2.8 cents per gallon from last week’s $1.95/g.
  • San Antonio- $1.78/g, down 2.2 cents per gallon from last week’s $1.80/g.
  • Austin- $1.83/g, down 3.3 cents per gallon from last week’s $1.86/g.

Gas Prices in Breckenridge, Texas

For more gas prices, click here to visit the Gas Buddy website.
Gas StationRegular price per gallonDiesel price per gallon
Allsup's - Alon
511 W. Walker St.
1.741.82
Conoco - South (Whoa-N-Go)
411 S. Breckenridge Ave.
1.992.39
Double Six - Conoco
1602 W. Walker St.
1.892.19
Graham Y Fuel
2609 U.S. Hwy 180 E.
1.992.09
7-11 East
1311 E. Walker St.
1.791.82
7-11 West
3074 W. Walker St.
1.791.83
Valero
900 E, Walker St.
1.891.99
Walmart
3800 W. Walker St.
1.731.81
These prices are based on each station's price signs on the morning of Monday, Aug. 24, 2020, as collected by the Breckenridge Texan staff.

 

For last week’s gas prices, click here.

Information provided by GasBuddy


Make sure you don’t miss any of the Breckenridge Texan’s news…click here to sign up for our email newsletter, the Weekly News Roundup. It has links to stories, photo galleries and more! It’s free to sign up, and it comes to you every Monday morning.


 

Support The Breckenridge Texan





Archives

Title of the document Sign up for our
e-newsletter
Click Here