Texas gas prices stay well below $3 average, as oil drops below $70/barrel
Average gasoline prices in Texas have fallen 5.1 cents per gallon in the last week, averaging $2.68/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 17.5 cents per gallon lower than a month ago and stand 64.6 cents per gallon lower than a year ago. The national average price of diesel has declined 1.2 cents in the last week and stands at $3.54 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $1.99/g yesterday while the most expensive was $3.59/g, a difference of $1.60/g.
The national average price of gasoline has risen 1.4 cents per gallon in the last week, averaging $3.17/g today. The national average is down 15.4 cents per gallon from a month ago and stands 63.8 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.
“Another week brings a mixed bag at the gas pump, with gas prices declining in slightly more than half of U.S. states while others have seen increases due to some refinery snags and maintenance that have emerged, temporarily delaying declines in some areas. Meanwhile, GasBuddy data shows 18 states with sub-$3 per gallon average gas prices, a count that should certainly rise over the next few weeks,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While Hurricane Helene left feet of rain behind and some states are seeing challenges in getting gasoline to stations, the storm did not broadly impact fuel production. For now, with oil prices falling back below $70 per barrel, the national average may be a bit stuck in the low $3s until fall maintenance wraps up, which could help bring a sub-$3 national average later this fall.”
Historical gasoline prices in Texas and the national average going back 10 years:
- September 30, 2023: $3.33/g (U.S. Average: $3.81/g)
- September 30, 2022: $3.08/g (U.S. Average: $3.75/g)
- September 30, 2021: $2.83/g (U.S. Average: $3.18/g)
- September 30, 2020: $1.85/g (U.S. Average: $2.18/g)
- September 30, 2019: $2.35/g (U.S. Average: $2.65/g)
- September 30, 2018: $2.63/g (U.S. Average: $2.87/g)
- September 30, 2017: $2.41/g (U.S. Average: $2.54/g)
- September 30, 2016: $1.97/g (U.S. Average: $2.22/g)
- September 30, 2015: $2.03/g (U.S. Average: $2.28/g)
- September 30, 2014: $3.16/g (U.S. Average: $3.33/g)
Current gas prices around the state:
- Midland Odessa- $2.64/g, down 12.2 cents per gallon from last week’s $2.76/g.
- San Antonio- $2.85/g, up 15.8 cents per gallon from last week’s $2.69/g.
- Austin- $2.84/g, up 13.4 cents per gallon from last week’s $2.71/g.