Breckenridge Texan

Ukraine-Russia war, Thanksgiving holiday keep gas prices fluctuating, according to GasBuddy analyst

Ukraine-Russia war, Thanksgiving holiday keep gas prices fluctuating, according to GasBuddy analyst
November 25
14:44 2024

Average gasoline prices in Texas have fallen 0.4 cents per gallon in the last week, averaging $2.59/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 2.4 cents per gallon lower than a month ago and stand 7.0 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 $3.503 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.18/g yesterday while the most expensive was $3.87/g, a difference of $1.69/g.

The national average price of gasoline has fallen 1.4 cents per gallon in the last week, averaging $3.01/g today. The national average is down 11.2 cents per gallon from a month ago and stands 23.7 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.

“Ahead of Thanksgiving, motorists continue to be teased by the prospect of a $2.99 per gallon national average, a level now seen in 32 states. But for the last few weeks, the stars just haven’t quite aligned,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Last week, Russia’s threats after Ukraine used long-range U.S. missiles pushed oil prices back above $70 per barrel. Now, some promotions ahead of Thanksgiving are pushing gas prices back down, even as oil remains elevated. For now, we’re just pennies away from the national average falling to $2.99, but for a third year, we may again fall short. As Americans prepare to hit the road for Thanksgiving, we’re seeing the lowest national average price of gasoline since 2021, with a far better economic picture than when gas prices were last this low.”

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

  • November 25, 2023: $2.66/g (U.S. Average: $3.24/g)
  • November 25, 2022: $2.84/g (U.S. Average: $3.55/g)
  • November 25, 2021: $2.95/g (U.S. Average: $3.38/g)
  • November 25, 2020: $1.80/g (U.S. Average: $2.12/g)
  • November 25, 2019: $2.24/g (U.S. Average: $2.60/g)
  • November 25, 2018: $2.26/g (U.S. Average: $2.53/g)
  • November 25, 2017: $2.26/g (U.S. Average: $2.50/g)
  • November 25, 2016: $1.89/g (U.S. Average: $2.12/g)
  • November 25, 2015: $1.84/g (U.S. Average: $2.05/g)
  • November 25, 2014: $2.58/g (U.S. Average: $2.80/g)

Current gas prices around the state:

  • Midland Odessa- $2.53/g, down 7.8 cents per gallon from last week’s $2.61/g.
  • San Antonio- $2.65/g, up 18.3 cents per gallon from last week’s $2.47/g.
  • Austin- $2.64/g, up 13.2 cents per gallon from last week’s $2.51/g.

 

 


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