Texas Weekly Gas Price Update and Outlook
Aug 04, 2014 | 827 views | 0 0 comments | 6 6 recommendations | email to a friend | print
Texas, August 4- Average retail gasoline prices in Texas have fallen 4.4 cents per gallon in the past week, averaging $3.33/g yesterday, according to GasBuddy's daily survey of 13,114 gas outlets in Texas. This compares with the national average that has fallen 1.5 cents per gallon in the last week to $3.49/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Texas during the past week, prices yesterday were 15.1 cents per gallon lower than the same day one year ago and are 15.1 cents per gallon lower than a month ago. The national average has decreased 16.4 cents per gallon during the last month and stands 12.3 cents per gallon lower than this day one year ago.

"Beginning the month with the lowest pump prices since 2010 is a nice way to start August, but it's unlikely that we'll see gasoline production from coast to coast running as high in August as we'd seen during July," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski.

"In recent years we've seen August refinery utilization slip a bit below July numbers and if that happens we may see prices increase especially in areas where consumers are flocking to enjoy the remainder of the summer driving season," he added.

About GasBuddy

GasBuddy operates TexasGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
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