Breckenridge Texan

Year 2024 closes out with decreasing gas prices

Year 2024 closes out with decreasing gas prices
December 30
13:04 2024

Average gasoline prices in Texas have fallen 4.0 cents per gallon in the last week, averaging $2.58/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 6.4 cents per gallon higher than a month ago and stand 6.2 cents per gallon lower than a year ago. The national average price of diesel has decreased 0.5 cents in the last week and stands at $3.473 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.19/g yesterday while the most expensive was $3.79/g, a difference of $1.60/g.

The national average price of gasoline has fallen 3.0 cents per gallon in the last week, averaging $2.98/g today. The national average is down 4.9 cents per gallon from a month ago and stands 11.8 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.

“After a few weeks of rising gas prices, the national average has reversed course, declining as we close out 2024,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “2024 will mark the second consecutive year of a decline in the national average. Tomorrow, GasBuddy will release the 2025 Fuel Price Outlook, offering insights into what motorists can expect in the year ahead. In the week ahead, we’ll likely see gas prices fall in some states, while the Great Lakes region may experience another price cycle. Overall, I expect the national average to remain mostly stable. Motorists interested in GasBuddy’s 2025 Fuel Price Outlook can visit our blog or social media pages on Tuesday for a detailed month-by-month breakdown of gas and diesel prices, along with forecasts for all 50 states.”

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

  • December 30, 2023: $2.65/g (U.S. Average: $3.10/g)
  • December 30, 2022: $2.79/g (U.S. Average: $3.15/g)
  • December 30, 2021: $2.87/g (U.S. Average: $3.28/g)
  • December 30, 2020: $1.93/g (U.S. Average: $2.26/g)
  • December 30, 2019: $2.27/g (U.S. Average: $2.59/g)
  • December 30, 2018: $1.95/g (U.S. Average: $2.25/g)
  • December 30, 2017: $2.24/g (U.S. Average: $2.48/g)
  • December 30, 2016: $2.13/g (U.S. Average: $2.33/g)
  • December 30, 2015: $1.75/g (U.S. Average: $2.00/g)
  • December 30, 2014: $2.03/g (U.S. Average: $2.26/g)

Current gas prices around the state:

  • Midland Odessa- $2.59/g, down 9.5 cents per gallon from last week’s $2.68/g.
  • San Antonio- $2.58/g, down 9.0 cents per gallon from last week’s $2.67/g.
  • Austin- $2.58/g, down 6.9 cents per gallon from last week’s $2.65/g.

 

 

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