National, state gas prices rise slightly as oil prices surge to almost $74/barrel
Average gasoline prices in Texas have risen 3.9 cents per gallon in the last week, averaging $2.62/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 4.1 cents per gallon higher than a month ago and stand 1.6 cents per gallon lower than a year ago. The national average price of diesel has increased 1.5 cents in the last week and stands at $3.488 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $2.19/g yesterday while the most expensive was $4.00/g, a difference of $1.81/g.
The national average price of gasoline has risen 5.6 cents per gallon in the last week, averaging $3.03/g today. The national average is up 3.0 cents per gallon from a month ago and stands 2.9 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.
“Oil prices have surged to nearly $74 per barrel, the highest level in months, driven by optimism that China’s recent economic policy shifts could boost oil demand, resulting in one of the largest weekly climbs in U.S. gas prices in months,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the national average dipped below $3 per gallon for a few days in recent weeks, those days are likely behind us. GasBuddy’s 2025 Fuel Outlook, released last week, forecasts continued slight increases at the pump in the weeks ahead, before the larger seasonal spike begins in mid-to-late February and lasts through spring.”
Historical gasoline prices in Texas and the national average going back 10 years:
- January 6, 2024: $2.64/g (U.S. Average: $3.06/g)
- January 6, 2023: $2.84/g (U.S. Average: $3.27/g)
- January 6, 2022: $2.88/g (U.S. Average: $3.31/g)
- January 6, 2021: $1.97/g (U.S. Average: $2.30/g)
- January 6, 2020: $2.27/g (U.S. Average: $2.59/g)
- January 6, 2019: $1.92/g (U.S. Average: $2.22/g)
- January 6, 2018: $2.25/g (U.S. Average: $2.49/g)
- January 6, 2017: $2.16/g (U.S. Average: $2.37/g)
- January 6, 2016: $1.75/g (U.S. Average: $2.00/g)
- January 6, 2015: $1.96/g (U.S. Average: $2.18/g)
Current gas prices around the state:
- Midland Odessa- $2.53/g, down 5.6 cents per gallon from last week’s $2.59/g.
- San Antonio- $2.56/g, down 2.0 cents per gallon from last week’s $2.58/g.
- Austin- $2.53/g, down 5.1 cents per gallon from last week’s $2.58/g.
