Breckenridge Texan

Gas prices continue to decline for fifth straight week

Gas prices continue to decline for fifth straight week
December 12
10:18 2022

Average gasoline prices in Texas have fallen 5.0 cents per gallon in the last week, averaging $2.66/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 39.8 cents per gallon lower than a month ago and stand 19.5 cents per gallon lower than a year ago. The national average price of diesel has fallen 14.9 cents in the last week and stands at $4.91 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.09/g yesterday while the most expensive was $4.49/g, a difference of $2.40/g.

The national average price of gasoline has fallen 14.4 cents per gallon in the last week, averaging $3.21/g today. The national average is down 56.5 cents per gallon from a month ago and stands 11.0 cents per gallon lower 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.

“Not only has the decline in gasoline prices lasted five straight weeks, with again every state seeing a weekly decline in its average, but average diesel prices have fallen in 49 states over the last week as well. The relief is saving Americans roughly $20 per fill-up compared to six months ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “On the previously hard-hit West Coast, average prices have fallen nearly $2 per gallon since October. Fifteen states now have average gasoline prices of $2.99 or less, with several more to join this week. We remain on schedule to see the national average gas price fall below $3 by Christmas, with diesel set to fall 50 cents to $1 per gallon over the next six weeks or so. While the Keystone Pipeline shutdown has been getting some attention, motorists need not worry much about the oil-carrying pipeline for now. There is no expected impact to gasoline prices as of now.”

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

  • December 12, 2021: $2.86/g (U.S. Average: $3.32/g)
  • December 12, 2020: $1.85/g (U.S. Average: $2.15/g)
  • December 12, 2019: $2.22/g (U.S. Average: $2.58/g)
  • December 12, 2018: $2.07/g (U.S. Average: $2.39/g)
  • December 12, 2017: $2.22/g (U.S. Average: $2.45/g)
  • December 12, 2016: $1.98/g (U.S. Average: $2.21/g)
  • December 12, 2015: $1.80/g (U.S. Average: $2.01/g)
  • December 12, 2014: $2.37/g (U.S. Average: $2.59/g)
  • December 12, 2013: $3.08/g (U.S. Average: $3.24/g)
  • December 12, 2012: $3.08/g (U.S. Average: $3.31/g)

Neighboring areas and their current gas prices:

  • Midland Odessa- $2.86/g, down 10.3 cents per gallon from last week’s $2.96/g.
  • San Antonio- $2.52/g, down 11.0 cents per gallon from last week’s $2.63/g.
  • Austin- $2.58/g, down 13.6 cents per gallon from last week’s $2.71/g.

 

Information provided by GasBuddy.

 


The Breckenridge Texan is in the midst of our annual fundraising campaign with the national organization NewsMatch. Donations made through the end of December will be matched, dollar-for-dollar, by NewsMatch, and, if we meet our goal of $4,000 raised, we’ll get an additional match. That will triple every donation given to the Breckenridge Texan. The Breckenridge Texan is a non-profit news website covering Stephens County and Breckenridge, Texas, that depends on donations, as well as advertising, to continue our work. We appreciate your contributions. To make a donation, click here.


 

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