Including the change in gas prices in Texas during the past week, prices yesterday were 8.4 cents per gallon higher than the same day one year ago and are 1.7 cents per gallon higher than a month ago. The national average has increased 1.4 cents per gallon during the last month and stands 11.7 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on July 24 in Texas have ranged widely over the last five years:
$2.00/g in 2016, $2.51/g in 2015, $3.40/g in 2014, $3.54/g in 2013 and $3.35/g in 2012.
Areas near Texas and their current gas price climate:
Midland Odessa- $2.09/g, down 0.4 cents per gallon from last week's $2.09/g.
San Antonio- $2.00/g, up 4.0 cents per gallon from last week's $1.96/g.
Austin- $2.04/g, up 2.2 cents per gallon from last week's $2.02/g.
"Over the last week, gasoline prices have risen across a majority of the country, following the price of oil which has been rising as of late," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "OPEC's meeting this week could steal the focus and propel markets higher or lower, depending on the outcome of the meeting, but for now, the most likely outcome would put pressure on oil prices to rise, especially if there's talk of another oil production cut from the cartel. Unfortunately, motorists are likely to see gasoline prices continue to rise in more places than prices fall, but it's not all bad news- gasoline prices nationally continue to hold somewhat near their summer lows, something that wasn't at all expected earlier this year."
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 60 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 60 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.