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“Another week, another nearly country-wide loss of average gasoline prices as oil prices struggle close to the cheapest quantity of a year,” stated Patrick DeHaan, senior oil analyst for GasBuddy. “Motorists should not over expect a lot of nice cost declines we have seen within the last handful of days as hurricane season is available in to see, but we’re able to see another week with most states seeing prices move lower again, because of gasoline inventories that remain quite healthy, together with refiners that still push out product at rates which have been greater than demand, resulting in oil prices which have battled mightily to achieve a footing. It appears as though even OPEC’s best proceed to thwart supply increases has not done much because of U.S. oil production that has billed back just like a bull.”
Average retail gasoline prices in Texas have fallen 4.2 cents per gallon previously week, averaging $2.10/g yesterday, based on GasBuddy’s daily survey of 13,114 gas outlets in Texas. This compares using the national average which has fallen 4.4 cents per gallon within the last week to $2.28/g, based on gasoline cost website GasBuddy.com.
Areas near Texas as well as their current gas cost climate:
Midland Odessa- $2.17/g, lower 4.1 cents per gallon from last week’s $2.21/g.
Dallas- $2.05/g, lower 5.3 cents per gallon from last week’s $2.10/g.
Austin- $2.10/g, lower 4.3 cents per gallon from last week’s $2.14/g.
Such as the alternation in gas prices in Texas in the past week, prices yesterday were 1.1 cents per gallon less than within 24 hours twelve months ago and therefore are 6. cents per gallon less than last month. The nation’s average has decreased 7.1 cents per gallon over the past month and stands 5.8 cents per gallon less than this very day twelve months ago.
Based on GasBuddy historic data, gasoline prices on June 19 in Texas have ranged broadly during the last 5 years:
$2.11/g in 2016, $2.61/g in 2015, $3.49/g in 2014, $3.42/g in 2013 and $3.28/g this year.