Including the change in gas prices in Texas during the past week, prices yesterday were 19.5 cents per gallon higher than the same day one year ago and are 10.1 cents per gallon higher than a month ago. The national average has increased 9.8 cents per gallon during the last month and stands 22.4 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on August 14 in Texas have ranged widely over the last five years:
$1.95/g in 2016, $2.37/g in 2015, $3.27/g in 2014, $3.39/g in 2013 and $3.50/g in 2012.
Areas near Texas and their current gas price climate:
Midland Odessa- $2.18/g, flat from last week's $2.18/g.
San Antonio- $2.08/g, down 2.7 cents per gallon from last week's $2.11/g.
Austin- $2.12/g, down 1.1 cents per gallon from last week's $2.13/g.
"For the fourth straight week gasoline prices have risen, pushing the national average this week to its highest level of the summer so far," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "There are some signs, however, that we may be nearing a short-term peak as the climb in gasoline prices has begun to slow. The number of states seeing gas prices decline versus a week ago rose to its highest level in three weeks, a sign that gas prices have in these areas have caught up to the rise in oil prices. While that sign alone doesn't guarantee lower prices, it suggests that fewer price increases are in store as stations await oil's next move. Last week saw oil prices fluctuate little until Friday, when prices fell and closed the week under $49 per barrel, with many 'wait and see' factors weighing on the market, such as the Venezuela situation, hurricane season and declining U.S. oil inventories."
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.