Texas Weekly Gas Price Update
May 8, 2023
Average gasoline prices in Texas have fallen 11.9 cents per gallon in the last week, averaging $3.02/g today, according to GasBuddy’s survey of 13,114 stations in Texas. Prices in Texas are 20.7 cents per gallon lower than a month ago and stand 95.4 cents per gallon lower than a year ago. The national average price of diesel has fallen 6.3 cents in the last week and stands at $4.01 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $2.63/g yesterday while the most expensive was $4.29/g, a difference of $1.66/g. The lowest price in the state yesterday was $2.63/g while the highest was $4.29/g, a difference of $1.66/g.
The national average price of gasoline has fallen 7.5 cents per gallon in the last week, averaging $3.50/g today. The national average is down 7.5 cents per gallon from a month ago and stands 80.7 cents per gallon lower 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:
May 8, 2022: $3.97/g (U.S. Average: $4.31/g)
May 8, 2021: $2.67/g (U.S. Average: $2.96/g)
May 8, 2020: $1.51/g (U.S. Average: $1.83/g)
May 8, 2019: $2.58/g (U.S. Average: $2.88/g)
May 8, 2018: $2.59/g (U.S. Average: $2.82/g)
May 8, 2017: $2.18/g (U.S. Average: $2.33/g)
May 8, 2016: $1.99/g (U.S. Average: $2.21/g)
May 8, 2015: $2.44/g (U.S. Average: $2.66/g)
May 8, 2014: $3.43/g (U.S. Average: $3.67/g)
May 8, 2013: $3.37/g (U.S. Average: $3.54/g)
Neighboring areas and their current gas prices:
Midland Odessa- $3.08/g, down 11.4 cents per gallon from last week’s $3.19/g.
San Antonio- $2.96/g, down 13.8 cents per gallon from last week’s $3.09/g.
Austin- $3.03/g, down 11.1 cents per gallon from last week’s $3.14/g.
“For the third straight week, consumers have been greeted by falling gasoline prices across a majority of the country, thanks to oil prices holding near recent lows and the transition to summer gasoline being essentially complete. While there have been a few pockets of rising prices, those have been the needle in the haystack, with nearly every single state seeing gas prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to gasoline prices declining, the average price of a gallon of diesel will join gasoline in the days ahead, falling below $4 per gallon in the next 48 hours or so, a sign of how far we’ve come. Americans are spending hundreds of millions less on fuel every week compared to a year ago, and that’s a number that could rise further as prices are poised to continue trending lower this week.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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.