Breckenridge Texan

Petroleum analyst: Gas prices expected to continue to rise

Petroleum analyst: Gas prices expected to continue to rise
February 08
16:33 2021

Texas gas prices have risen 2.7 cents per gallon in the past week, averaging $2.15/g today, according to GasBuddy’s daily survey of 13,114 stations in Texas. Gas prices in Texas are 16.1 cents per gallon higher than a month ago and stand 5.4 cents per gallon higher than a year ago.

According to GasBuddy price reports, the lowest price in Texas today is $1.88/g while the highest is $2.79/g, a difference of 91.0 cents per gallon.

The national average price of gasoline has risen 3.7 cents per gallon in the last week, averaging $2.45/g today. The national average is up 13.2 cents per gallon from a month ago and stands 1.6 cents per gallon higher than a year ago.

“Many factors continue to push oil prices higher, but at the foundation of the rise is the fact that the coronavirus situation continues to improve, pushing global oil demand higher as production continues to lag, pushing U.S. gas prices higher,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Until OPEC intercedes and raises oil production in the months ahead, motorists should continue to expect rising gas prices, which for the first time some time stand at their highest in over a year, adding misery to the dire economic situation as millions remain jobless. The news won’t likely improve in the months ahead, with continued increases in gas prices as OPEC maintains a tight balance between reduced demand and supply, keeping prices on the higher side.”

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

  • February 8, 2020: $2.10/g (U.S. Average: $2.43/g)
  • February 8, 2019: $1.97/g (U.S. Average: $2.29/g)
  • February 8, 2018: $2.36/g (U.S. Average: $2.59/g)
  • February 8, 2017: $2.08/g (U.S. Average: $2.26/g)
  • February 8, 2016: $1.54/g (U.S. Average: $1.73/g)
  • February 8, 2015: $1.99/g (U.S. Average: $2.17/g)
  • February 8, 2014: $3.05/g (U.S. Average: $3.26/g)
  • February 8, 2013: $3.38/g (U.S. Average: $3.57/g)
  • February 8, 2012: $3.39/g (U.S. Average: $3.48/g)
  • February 8, 2011: $2.96/g (U.S. Average: $3.11/g)

Neighboring areas and their current gas prices:

  • Eastland — Lowest: $2.05/g and Highest: $2.29/g
  • Graham — Lowest: $2.13/g and Highest: N/A
  • Abilene — Lowest: $1.99/g and Highest: $2.59/g
  • Mineral Wells — Lowest: $2.11/g and Highest: $2.39/g

In other parts of the state:

  • Midland Odessa- $2.29/g, up 4.9 cents per gallon from last week’s $2.24/g.
  • San Antonio- $2.07/g, up 1.8 cents per gallon from last week’s $2.05/g.
  • Austin- $2.11/g, up 2.4 cents per gallon from last week’s $2.09/g.

Copy of 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.
2.292.39
Conoco - South (Whoa-N-Go)
411 S. Breckenridge Ave.
2.292.49
Double Six - Conoco
1602 W. Walker St.
2.192.39
Graham Y Fuel
2609 U.S. Hwy 180 E.
2.192.49
7-11 East
1311 E. Walker St.
2.032.17
7-11 West
3074 W. Walker St.
2.032.17
Valero
900 E, Walker St.
2.192.29
Walmart
3800 W. Walker St.
2.032.17
These prices are based on each station's posted prices on the morning of Monday, Feb. 8 , 2021, as collected by the Breckenridge Texan staff.

 

Click here to read last week’s GasBuddy report.

Information provided by GasBuddy

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