Breckenridge Texan

Texas gas prices continue to drop, following declining oil prices

Texas gas prices continue to drop, following declining oil prices
November 14
07:57 2022

Average gasoline prices in Texas have fallen 7.7 cents per gallon in the last week, averaging $3.05/g today, Nov. 14, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 23.6 cents per gallon lower than a month ago and stand 1.9 cents per gallon higher than a year ago. The national average price of gasoline dropped slightly, while diesel has risen 2.3 cents in the last week and stands at $5.34 per gallon.

“After rising the week prior, the national average has changed directions again, posting a modest weekly decline with prices dropping in a majority of states. The decline has been partly driven by Great Lakes states, where prices fell by 15-25 cents per gallon due to an improvement in the refining situation, and also oil prices, which fell back under $90 per barrel last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices remaining volatile, the outlook is murky, but I’m hopeful in the lead up to Thanksgiving we’ll see prices declining in more states, while others may not be quite as lucky. Regardless, we’ll still be seeing the most expensive Thanksgiving Day prices on record.”

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.50/g yesterday while the most expensive was $4.49/g, a difference of $1.99/g.

The national average price of gasoline has fallen 2.6 cents per gallon in the last week, averaging $3.76/g today. The national average is down 14.3 cents per gallon from a month ago and stands 36.3 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.

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

  • November 14, 2021: $3.03/g (U.S. Average: $3.40/g)
  • November 14, 2020: $1.80/g (U.S. Average: $2.13/g)
  • November 14, 2019: $2.24/g (U.S. Average: $2.62/g)
  • November 14, 2018: $2.38/g (U.S. Average: $2.67/g)
  • November 14, 2017: $2.30/g (U.S. Average: $2.57/g)
  • November 14, 2016: $1.96/g (U.S. Average: $2.15/g)
  • November 14, 2015: $1.94/g (U.S. Average: $2.17/g)
  • November 14, 2014: $2.71/g (U.S. Average: $2.90/g)
  • November 14, 2013: $2.93/g (U.S. Average: $3.18/g)
  • November 14, 2012: $3.17/g (U.S. Average: $3.44/g)

Gas prices in other areas of the state:

  • Midland Odessa- $3.19/g, down 3.7 cents per gallon from last week’s $3.23/g.
  • San Antonio- $3.00/g, down 7.8 cents per gallon from last week’s $3.08/g.
  • Austin- $3.04/g, down 5.9 cents per gallon from last week’s $3.09/g.

 

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