Breckenridge Texan

Average gasoline prices in Texas have fallen 0.9 cents per gallon in the last week, averaging $3.11/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 2.7 cents per gallon lower than a month ago and stand 108.9 cents per gallon lower than a year ago. The national average price of diesel has fallen 1.3 cents in the last week and stands at $3.79 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.52/g yesterday while the most expensive was $4.17/g, a difference of $1.65/g.

The national average price of gasoline is unchanged  in the last week, averaging $3.50/g today. The national average is down 8.4 cents per gallon from a month ago and stands 116.7 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.

“After declining going into July 4, average gasoline prices have struggled to find much momentum in either direction as the price of crude oil has continued to bounce around, digesting offsetting news on both sides of the scale: supply, which OPEC+ continues to try and tighten, and weak global demand as monetary policy restrains growth,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I don’t see much chance of a major break out of the tight range we’ve held since April, but there is rising risk for hurricane season and potential disruptions as major forecaster Colorado State University released its third forecast for 2023 hurricane season, showing a sharp uptick in the number of expected major hurricanes. Heading into the prime of summer gasoline demand, any disruptions, whether storms or unexpected outages and what might be a small challenge outside of the summer driving season, could be a larger problem, so there is some risk to gas prices going into the second half of summer.”

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

• July 10, 2022: $4.20/g (U.S. Average: $4.66/g)
• July 10, 2021: $2.83/g (U.S. Average: $3.14/g)
• July 10, 2020: $1.89/g (U.S. Average: $2.20/g)
• July 10, 2019: $2.45/g (U.S. Average: $2.76/g)
• July 10, 2018: $2.66/g (U.S. Average: $2.87/g)
• July 10, 2017: $2.04/g (U.S. Average: $2.25/g)
• July 10, 2016: $2.06/g (U.S. Average: $2.23/g)
• July 10, 2015: $2.57/g (U.S. Average: $2.76/g)
• July 10, 2014: $3.47/g (U.S. Average: $3.63/g)
• July 10, 2013: $3.35/g (U.S. Average: $3.50/g)

Gas prices around the state:

• Midland Odessa- $2.96/g, down 0.8 cents per gallon from last week’s $2.97/g.
• San Antonio- $3.20/g, up 14.2 cents per gallon from last week’s $3.05/g.
• Austin- $3.20/g, up 8.8 cents per gallon from last week’s $3.11/g.