Breckenridge Texan

Texas gas prices rise slightly while US average falls

Texas gas prices rise slightly while US average falls
November 12
08:43 2024

Average gasoline prices in Texas have risen 3.0 cents per gallon in the last week, averaging $2.59/g on Monday, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 15.8 cents per gallon lower than a month ago and stand 16.9 cents per gallon lower than a year ago. The national average price of diesel has declined 0.4 cents in the last week and stands at $3.52 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $1.79/g Sunday while the most expensive was $3.73/g, a difference of $1.94/g.

The national average price of gasoline has fallen 2.6 cents per gallon in the last week, averaging $3.03/g on Monday. The national average is down 16.7 cents per gallon from a month ago and stands 32.3 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.

“While the election has come and gone, gas prices have stayed the course, with the national average price of gasoline declining for a fourth consecutive week as seasonal demand weakens and Americans begin to take refuge from falling temperatures,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While some may be surprised by the declines — some 28 states have average gas prices below $3 per gallon — this was anticipated in our annual Fuel Outlook from last December. Looking back at our outlook provides insight into the current drop and what we expect next. With the median U.S. gas price now at $2.95 per gallon, the lowest since 2021, it appears to be just a matter of time before the national average falls below $3 per gallon for the first time since May 2021, something we’ve already seen for diesel prices, which many Americans will be thankful for as we get closer to Thanksgiving.”

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

  • November 11, 2023: $2.76/g (U.S. Average: $3.35/g)
  • November 11, 2022: $3.08/g (U.S. Average: $3.79/g)
  • November 11, 2021: $3.04/g (U.S. Average: $3.41/g)
  • November 11, 2020: $1.80/g (U.S. Average: $2.11/g)
  • November 11, 2019: $2.26/g (U.S. Average: $2.62/g)
  • November 11, 2018: $2.41/g (U.S. Average: $2.67/g)
  • November 11, 2017: $2.30/g (U.S. Average: $2.56/g)
  • November 11, 2016: $1.98/g (U.S. Average: $2.17/g)
  • November 11, 2015: $1.97/g (U.S. Average: $2.20/g)
  • November 11, 2014: $2.71/g (U.S. Average: $2.91/g)

Neighboring areas and their current gas prices:

  • Midland Odessa- $2.77/g, up 27.3 cents per gallon from last week’s $2.49/g.
  • San Antonio- $2.67/g, up 26.7 cents per gallon from last week’s $2.40/g.
  • Austin- $2.69/g, up 25.7 cents per gallon from last week’s $2.43/g.

 


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