Breckenridge Texan

Petroleum analyst predicts national average for gas will reach $5/gallon

Petroleum analyst predicts national average for gas will reach $5/gallon
June 01
14:31 2022

Average gasoline prices in Texas have fallen 4.8 cents per gallon in the last week, averaging $4.22/g on Tuesday, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 37.6 cents per gallon higher than a month ago and stand $1.50/g higher than a year ago. The price of diesel has fallen 4.0 cents nationally in the past week and stands at $5.50 per gallon.

According to GasBuddy price reports, the lowest price in the state yesterday was $3.49/g while the highest was $5.72/g, a difference of $2.23/g. The Breckenridge gas prices are listed below.

The national average price of gasoline has risen 0.9 cents per gallon in the last week, averaging $4.60/g Tuesday. The national average is up 42.8 cents per gallon from a month ago and stands $1.56/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“After several weeks of soaring gas prices, last week saw prices nationally slow down ahead of Memorial Day, but I’m afraid the good news ends there,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While gasoline demand has been seasonally soft, the large decline in refining capacity over the last few years has meant that refiners are struggling to produce even lower amounts of refined products. This has led inventories to struggle to see any gains, boosting concern that they won’t be able to catch up. Coupled with continued talk that the EU is still working on sanctioning Russian oil, even though Hungary is a hold out, oil markets are quite on edge. As a result of the continued decline in gasoline inventories in recent weeks, wholesale gas prices surged last week, which will likely boost prices at the pump in short order. Motorists in the Great Lakes could see prices jump early in the week to new record highs, and the rest of the nation will follow. Odds are rising that we’ll eventually see the national average reach that dreaded $5 per gallon.”

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

  • May 31, 2021: $2.73/g (U.S. Average: $3.04/g)
  • May 31, 2020: $1.65/g (U.S. Average: $1.97/g)
  • May 31, 2019: $2.51/g (U.S. Average: $2.82/g)
  • May 31, 2018: $2.75/g (U.S. Average: $2.96/g)
  • May 31, 2017: $2.18/g (U.S. Average: $2.38/g)
  • May 31, 2016: $2.08/g (U.S. Average: $2.32/g)
  • May 31, 2015: $2.50/g (U.S. Average: $2.75/g)
  • May 31, 2014: $3.46/g (U.S. Average: $3.67/g)
  • May 31, 2013: $3.38/g (U.S. Average: $3.61/g)
  • May 31, 2012: $3.43/g (U.S. Average: $3.62/g)


Gas Prices in Breckenridge, Texas

Gas StationRegular price per gallonDiesel price per gallon
Allsup's - Midtown
511 W. Walker St.
Allsup's - East
810 E. Walker St.
Conoco - South (Whoa-N-Go)
411 S. Breckenridge Ave.
Double Six - Conoco
1602 W. Walker St.
Graham Y Fuel
2609 U.S. Hwy 180 E.
1311 E. Walker St.
900 E, Walker St.
3800 W. Walker St.
For more gas prices, click here to visit the Gas Buddy website.
These prices are based on each station's posted prices on Wednesday afternoon, June 1, 2022, as collected by the Breckenridge Texan staff.


Click here to see last week’s local gas prices.


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