Breckenridge Texan

Gas prices increase for fourth straight week; situation in Iran could impact energy markets in weeks to come

Gas prices increase for fourth straight week; situation in Iran could impact energy markets in weeks to come
March 02
11:15 2026

Average gasoline prices in Texas have risen 5.9 cents per gallon in the last week, averaging $2.55/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 13.5 cents per gallon higher than a month ago and stand 2.4 cents per gallon lower than a year ago. The national average price of diesel has increased 5.4 cents compared to a week ago and stands at $3.740 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $1.89/g yesterday while the most expensive was $3.49/g, a difference of $1.60/g.

The national average price of gasoline has risen 5.6 cents per gallon in the last week, averaging $2.94/g today. The national average is up 7.8 cents per gallon from a month ago and stands 10.1 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 has climbed for a fourth straight week, driven primarily by seasonal tightening and broader market dynamics,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Looking ahead, markets will now begin reacting to this weekend’s U.S.–Iran attacks, which have elevated geopolitical risk premiums even in the absence of immediate supply disruption. Oil prices have firmed as traders assess the potential for further escalation, and while fundamentals such as inventories and refinery activity remain important anchors, the risk of broader instability — particularly involving key transit routes — has injected fresh uncertainty into energy markets. In the week ahead, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape, with the national average poised to reach the $3-per-gallon mark for the first time this year.”

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

  • March 2, 2025: $2.58/g (U.S. Average: $3.04/g)
  • March 2, 2024: $2.91/g (U.S. Average: $3.34/g)
  • March 2, 2023: $2.90/g (U.S. Average: $3.35/g)
  • March 2, 2022: $3.33/g (U.S. Average: $3.69/g)
  • March 2, 2021: $2.44/g (U.S. Average: $2.74/g)

Current gas prices across Texas:

  • Midland Odessa- $2.61/g, up 21.2 cents per gallon from last week’s $2.40/g.
  • San Antonio- $2.61/g, up 23.7 cents per gallon from last week’s $2.38/g.
  • Austin- $2.63/g, up 21.6 cents per gallon from last week’s $2.42/g.

 

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