Gas prices could continue to rise at a higher rate in upcoming weeks
Average gasoline prices in Texas have risen 3.0 cents per gallon in the last week, averaging $2.47/g on Monday, Feb. 16, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 9.8 cents per gallon higher than a month ago and stand 20.2 cents per gallon lower than a year ago. The national average price of diesel has increased 1.0 cents compared to a week ago and stands at $3.624 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $1.86/g on Sunday, while the most expensive was $4.08/g, a difference of $2.22/g. The lowest price in the state yesterday was $1.86/g while the highest was $4.08/g, a difference of $2.22/g.
The national average price of gasoline has risen 2.6 cents per gallon in the last week, averaging $2.87/g today. The national average is up 4.9 cents per gallon from a month ago and stands 24.5 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.
“The national average price of gasoline continues to grind higher, and while the pace of increases remains modest for now, upward momentum could accelerate in the coming weeks as refinery maintenance intensifies and the broader transition to summer gasoline begins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, supply-side dynamics could temper that seasonal pressure. If OPEC+ proceeds with resuming production increases following its first-quarter pause, additional barrels could cap crude oil’s upside and limit the magnitude of the spring rally at the pump. That said, geopolitical tensions—particularly between the U.S. and Iran—remain an unpredictable variable, injecting risk into the outlook and leaving prices vulnerable to sudden shifts.”
Historical gasoline prices in Texas and the national average going back five years:
- February 16, 2025: $2.67/g (U.S. Average: $3.11/g)
- February 16, 2024: $2.91/g (U.S. Average: $3.29/g)
- February 16, 2023: $2.99/g (U.S. Average: $3.39/g)
- February 16, 2022: $3.19/g (U.S. Average: $3.51/g)
- February 16, 2021: $2.20/g (U.S. Average: $2.54/g)
Current gas prices around the state:
- Midland Odessa- $2.55/g, up 9.2 cents per gallon from last week’s $2.46/g.
- San Antonio- $2.57/g, up 29.8 cents per gallon from last week’s $2.27/g.
- Austin- $2.60/g, up 28.5 cents per gallon from last week’s $2.32/g.
