Average gasoline prices on December 31 in Texas have ranged widely over the last five years:
$2.24/g in 2017, $2.13/g in 2016, $1.75/g in 2015, $2.01/g in 2014 and $3.12/g in 2013.
Including the change locally during the past week, prices yesterday were 29.0 cents per gallon lower than a year ago and are 20.6 cents per gallon lower than a month ago. The national average has dropped 21.3 cents per gallon during the last month and stands 23.8 cents per gallon lower than a year ago.
Areas near Texas and their current gas price climate:
Midland Odessa- $2.48/g, down 1.6 cents per gallon from last week's $2.49/g.
San Antonio- $1.85/g, down 3.9 cents per gallon from last week's $1.89/g.
Austin- $1.97/g, down 2.8 cents per gallon from last week's $2.00/g.
"As the national average price of gasoline continues to test multi-year lows, U.S. motorists are keeping over $250 million in their pocket every single day versus 80 days ago. The plunge has seen sub-$2 gas prices show up at over a third of all gas stations in the country while eleven states have seen average prices dip under the $2 level. The most common price at gas stations in the U.S. is now $1.99 per gallon while the second most common price is just $1.89," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "With the plunge perhaps continuing for another couple weeks, many motorists have been asking how long this trend will continue into 2019- and the answer is that it's complicated but possible summer gas prices won't be anywhere near this low, but all the specifics on what motorists can expect in 2019 will be revealed Wednesday as GasBuddy releases its 2019 Fuel Price Outlook. I would encourage motorists to check it out for all the possibilities for pump prices into the New Year."
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
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.