Texas Weekly Gas Price Update

(January 31, 2022) – Average gasoline prices in Texas are unchanged  in the last week, averaging $2.99/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 11.3 cents per gallon higher than a month ago and stand 87.5 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Texas was priced at $2.34/g yesterday while the most expensive was $3.79/g, a difference of $1.45/g. The lowest price in the state yesterday was $2.34/g while the highest was $3.79/g, a difference of $1.45/g.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.34/g today. The national average is up 6.8 cents per gallon from a month ago and stands 92.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Texas and the national average going back ten years:
January 31, 2021: $2.11/g (U.S. Average: $2.42/g)
January 31, 2020: $2.15/g (U.S. Average: $2.47/g)
January 31, 2019: $1.96/g (U.S. Average: $2.27/g)
January 31, 2018: $2.37/g (U.S. Average: $2.59/g)
January 31, 2017: $2.08/g (U.S. Average: $2.27/g)
January 31, 2016: $1.58/g (U.S. Average: $1.80/g)
January 31, 2015: $1.85/g (U.S. Average: $2.05/g)
January 31, 2014: $3.07/g (U.S. Average: $3.27/g)
January 31, 2013: $3.24/g (U.S. Average: $3.43/g)
January 31, 2012: $3.36/g (U.S. Average: $3.44/g)

Neighboring areas and their current gas prices:
Midland Odessa- $3.08/g, down 5.7 cents per gallon from last week’s $3.13/g.
San Antonio- $2.94/g, up 3.2 cents per gallon from last week’s $2.90/g.
Austin- $2.98/g, up 6.0 cents per gallon from last week’s $2.92/g.

“The price of oil pushed into territory unseen in over seven years as WTI crude hit $88 per barrel, which continues to drag gasoline prices higher. With continued concerns over geopolitical tensions and crude oil supply, the small yet noticeable increases are likely to continue,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The only factor keeping gas prices from rising more substantially is that gasoline demand remains low as winter storms keep motorists closer to home. Once the weather starts to turn and warm gradually, we’ll lose the only restraint to larger price increases.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey and the Lundberg Survey, updated once every two weeks based on a small fraction of U.S. gasoline stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.

SOURCE GasBuddy