Breckenridge Texan

Trend continues: Texas gas prices drop, while nationwide average rises, according to GasBuddy

Trend continues: Texas gas prices drop, while nationwide average rises, according to GasBuddy
October 03
08:54 2022

Average gasoline prices in Texas have fallen 4.0 cents per gallon in the last week, averaging $3.05/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 19.7 cents per gallon lower than a month ago and stand 22.6 cents per gallon higher than a year ago. The national average price of diesel has declined 2.9 cents in the last week and stands at $4.86 per gallon.

According to GasBuddy price reports, the lowest price in the state yesterday was $2.59/g while the highest was $4.49/g, a difference of $1.90/g.

The national average price of gasoline has risen 11.1 cents per gallon in the last week, averaging $3.78/g today. The national average is up 0.4 cents per gallon from a month ago and stands 59.8 cents per gallon 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.

“With gas prices continuing to surge on the West Coast and Great Lakes, the national average saw its second straight weekly rise. But at the same time, areas of the Northeast and Gulf Coast have continued to see declines as the the nation experiences sharp differences in trends between regions,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Some West Coast states saw prices rise 35 to 55 cents per gallon in the last week as refinery issues continued to impact gasoline supply, which fell to its lowest level in a decade in the region, causing prices to skyrocket. While I’m hopeful there will eventually be relief, prices could go a bit higher before cooling off. In addition, OPEC could decide to cut oil production by a million barrels as the global economy slows down, potentially creating a catalyst that could push gas prices up further.”

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

  • October 3, 2021: $2.83/g (U.S. Average: $3.18/g)
  • October 3, 2020: $1.84/g (U.S. Average: $2.17/g)
  • October 3, 2019: $2.34/g (U.S. Average: $2.67/g)
  • October 3, 2018: $2.66/g (U.S. Average: $2.91/g)
  • October 3, 2017: $2.40/g (U.S. Average: $2.52/g)
  • October 3, 2016: $1.98/g (U.S. Average: $2.22/g)
  • October 3, 2015: $2.05/g (U.S. Average: $2.29/g)
  • October 3, 2014: $3.15/g (U.S. Average: $3.31/g)
  • October 3, 2013: $3.13/g (U.S. Average: $3.36/g)
  • October 3, 2012: $3.53/g (U.S. Average: $3.78/g)

Gas prices around the state:

  • Midland Odessa- $3.09/g, down 3.1 cents per gallon from last week’s $3.12/g.
  • San Antonio- $3.01/g, down 1.9 cents per gallon from last week’s $3.03/g.
  • Austin- $3.14/g, up 2.4 cents per gallon from last week’s $3.12/g.

 

 


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