Including the change in gas prices in Texas during the past week, prices yesterday were 25.5 cents per gallon higher than the same day one year ago and are 9.3 cents per gallon higher than a month ago. The national average has increased 8.8 cents per gallon during the last month and stands 30.7 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on January 29 in Texas have ranged widely over the last five years:
$2.08/g in 2017, $1.59/g in 2016, $1.84/g in 2015, $3.07/g in 2014 and $3.18/g in 2013.
Areas near Texas and their current gas price climate:
Midland Odessa- $2.45/g, up 0.4 cents per gallon from last week's $2.44/g.
San Antonio- $2.22/g, up 0.9 cents per gallon from last week's $2.21/g.
Austin- $2.29/g, up 2.1 cents per gallon from last week's $2.26/g.
"With oil maintaining strength, gasoline prices have continued to climb in many places, rising to their highest level since Hurricane Harvey dealt a blow to Texas and a significant portion of U.S. refining capacity," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "This time around, oil prices have been the culprit for gasoline prices rising to their highest level in over 130 days, and with U.S. crude oil inventories plummeting for 10 straight weeks, I see diminishing chances of the traditional winter relief that accompanies the year's coldest months. Without gas prices falling, the current price environment may be the floor for what could become a more expensive year than anticipated, barring any change to OPEC policy that has led to today's climate of lower supply and higher prices."
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 70 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 70 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.