Breckenridge Texan

Hurricane Beryl could affect gas prices in upcoming weeks

Hurricane Beryl could affect gas prices in upcoming weeks
July 08
11:34 2024

Average gasoline prices in Texas have fallen 4.4 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 13.5 cents per gallon higher than a month ago and stand 5.8 cents per gallon lower than a year ago. The national average price of diesel has risen 3.6 cents in the last week and stands at $3.81 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.65/g yesterday while the most expensive was $3.89/g, a difference of $1.24/g.

The national average price of gasoline is unchanged in the last week, averaging $3.46/g today. The national average is up 3.7 cents per gallon from a month ago and stands 5.5 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.

“The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs. While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, we’ll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place.”

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

  • July 8, 2023: $3.10/g (U.S. Average: $3.52/g)
  • July 8, 2022: $4.25/g (U.S. Average: $4.70/g)
  • July 8, 2021: $2.83/g (U.S. Average: $3.15/g)
  • July 8, 2020: $1.88/g (U.S. Average: $2.19/g)
  • July 8, 2019: $2.45/g (U.S. Average: $2.75/g)
  • July 8, 2018: $2.65/g (U.S. Average: $2.85/g)
  • July 8, 2017: $2.04/g (U.S. Average: $2.26/g)
  • July 8, 2016: $2.07/g (U.S. Average: $2.24/g)
  • July 8, 2015: $2.57/g (U.S. Average: $2.76/g)
  • July 8, 2014: $3.47/g (U.S. Average: $3.65/g)

Current gas prices around the state:

  • Midland Odessa- $3.15/g, up 21.4 cents per gallon from last week’s $2.94/g.
  • San Antonio- $2.94/g, down 16.1 cents per gallon from last week’s $3.10/g.
  • Austin- $3.02/g, down 10.5 cents per gallon from last week’s $3.12/g.

 

 

 

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