Texas Weekly Fuel Update and Outlook
Jun 04, 2018 | 256 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Texas, TX, June 4- Gasoline prices in Texas have fallen 0.5 cents per gallon in the past week, averaging $2.74/g yesterday, according to GasBuddy's daily survey of 13,114 stations in Texas. This compares with the national average that has fallen 1.9 cents per gallon versus last week to $2.94/g, according to GasBuddy.

Average gasoline prices on June 4 in Texas have ranged widely over the last five years:

$2.18/g in 2017, $2.14/g in 2016, $2.55/g in 2015, $3.45/g in 2014 and $3.37/g in 2013. 

Including the change locally during the past week, prices yesterday were 56.5 cents per gallon higher than a year ago and are 16.9 cents per gallon higher than a month ago. The national average has increased 13.4 cents per gallon during the last month and stands 57.8 cents per gallon higher than a year ago.

Areas near Texas and their current gas price climate:

Midland Odessa- $3.05/g, unchanged  from last week's $3.05/g.

San Antonio- $2.67/g, down 2.3 cents per gallon from last week's $2.69/g.

Austin- $2.71/g, down 1.5 cents per gallon from last week's $2.73/g.

"Finally some moderation has hit tens of thousands of gas stations across the country, following the drop in oil prices in recent days," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "We may have dodged a bullet in avoiding the $3 per gallon level for now, but not everything is rosy yet. While nearly forty states saw average prices drop in the last week, ten still saw small increases, so this is not an all-inclusive party by any means. Prices remain well above their year ago level, costing the country $228 million more every day versus a year ago. Moving forward, all eyes remain on OPEC and their coming meeting to see if they'll push oil prices higher, or if they'll allow a respite for the summer driving season."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com

About GasBuddy

GasBuddy is the technology company changing the way more than 75 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.
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