As gas prices continue to drop, expert says rates likely to stay low into new year
Average gasoline prices in Texas have fallen 9.7 cents per gallon in the last week, averaging $2.41/g on Monday, Dec. 8, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 16.8 cents per gallon lower than a month ago and stand 13.7 cents per gallon lower than a year ago. The national average price of diesel has decreased 5.1 cents compared to a week ago and stands at $3.671 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $2.04/g on Sunday, while the most expensive was $3.99/g, a difference of $1.95/g.
The national average price of gasoline has fallen 5.0 cents per gallon in the last week, averaging $2.90/g today. The national average is down 17.6 cents per gallon from a month ago and stands 7.3 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.
“Gas prices continued to decline in most states last week, while some price cycling states saw temporary spikes to restore margins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the national average falling further, we’re now at multi-year lows heading into Christmas. Diesel prices are also easing, and in the cheapest cities, averages have dipped into the low-$2 range—with a few stations still offering gas under $2 per gallon. Barring any major disruptions, prices are likely to stay relatively low into the new year.”
Historical gasoline prices in Texas and the national average going back 10 years:
- December 8, 2024: $2.55/g (U.S. Average: $2.97/g)
- December 8, 2023: $2.60/g (U.S. Average: $3.15/g)
- December 8, 2022: $2.70/g (U.S. Average: $3.28/g)
- December 8, 2021: $2.89/g (U.S. Average: $3.35/g)
- December 8, 2020: $1.84/g (U.S. Average: $2.16/g)
- December 8, 2019: $2.21/g (U.S. Average: $2.57/g)
- December 8, 2018: $2.09/g (U.S. Average: $2.42/g)
- December 8, 2017: $2.23/g (U.S. Average: $2.47/g)
- December 8, 2016: $1.98/g (U.S. Average: $2.19/g)
- December 8, 2015: $1.82/g (U.S. Average: $2.02/g)
Current gas prices around the state:
- Midland Odessa- $2.57/g, up 15.8 cents per gallon from last week’s $2.41/g.
- San Antonio- $2.32/g, down 14.5 cents per gallon from last week’s $2.46/g.
- Austin- $2.40/g, down 11.7 cents per gallon from last week’s $2.51/g.
