Breckenridge Texan

Average gasoline prices in Texas have fallen 2.0 cents per gallon in the last week, averaging $2.56/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 18.5 cents per gallon lower than a month ago and stand 29.0 cents per gallon lower than a year ago. The national average price of diesel has declined 1.3 cents in the last week and stands at $3.52 per gallon- the lowest level since 2021.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.01/g yesterday while the most expensive was $3.67/g, a difference of $1.66/g.

The national average price of gasoline has fallen 2.2 cents per gallon in the last week, averaging $3.05/g today. The national average is down 11.8 cents per gallon from a month ago and stands 34.5 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.

“Seasonal trends continue to push down gasoline prices across much of the country, with GasBuddy counting 26 states where average gas prices have fallen below $3 per gallon—something that could be less than a week away for the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While much of the attention this week will be on the election and how it could potentially change the trajectory of the nation, gasoline prices are likely to be a gift to the next president, staying much lower than in previous years when COVID and Russia’s war on Ukraine caused a surge that’s unlikely to repeat, no matter who wins the election. For now, Americans can expect the downward trend to continue in most states, while other states have seen prices jump temporarily due to a behavior we track called price cycling. We should see the number of states with sub-$3-per-gallon prices grow as we get closer to Thanksgiving.”

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

• November 4, 2023: $2.85/g (U.S. Average: $3.40/g)
• November 4, 2022: $3.15/g (U.S. Average: $3.79/g)
• November 4, 2021: $3.07/g (U.S. Average: $3.41/g)
• November 4, 2020: $1.78/g (U.S. Average: $2.11/g)
• November 4, 2019: $2.24/g (U.S. Average: $2.62/g)
• November 4, 2018: $2.48/g (U.S. Average: $2.73/g)
• November 4, 2017: $2.26/g (U.S. Average: $2.52/g)
• November 4, 2016: $2.02/g (U.S. Average: $2.22/g)
• November 4, 2015: $1.94/g (U.S. Average: $2.20/g)
• November 4, 2014: $2.75/g (U.S. Average: $2.96/g)

Current gas prices around the state:

• Midland Odessa- $2.49/g, down 7.0 cents per gallon from last week’s $2.56/g.
• San Antonio- $2.40/g, down 11.4 cents per gallon from last week’s $2.52/g.
• Austin- $2.43/g, down 11.1 cents per gallon from last week’s $2.54/g.

With just days to go before the U.S. Presidential Election, how are gas prices looking in the major battleground states? GasBuddy has been following very closely, for full coverage of prices and price changes in battleground states, visit: https://www.gasbuddy.com/go/gas-price-tracker-2024-battleground-states.