Gasoline prices higher for 8th straight week. Where does Texas stand?
Published 6:00 am Monday, June 22, 2020
Gasoline demand has continued to recover over the last week, with a 3 percent rise in demand versus last week, according to data from Pay with GasBuddy.
That continues to push gasoline prices higher as well, for the eighth straight week, said Patrick De Haan, head of petroleum analysis for GasBuddy.
Texas gas prices have risen 2.1 cents per gallon in the past week, averaging $1.83/g today, according to GasBuddy’s daily survey of 13,114 stations.
Gas prices in Texas are 22 cents per gallon higher than a month ago and stand 52.5 cents per gallon lower than a year ago.
“Americans continue to increasingly get in the car as summer progresses, eager not to miss out on the best months of the year, and our data is clear on that,” De Haan said. “In turn, the resurgence in gasoline demand is also pushing oil prices to their highest level in months, fueling gas prices to rebound as Americans try to find some sense of normalcy amidst the ongoing COVID-19 situation.”
According to GasBuddy price reports, the cheapest station in Texas is priced at $1.49/g today while the most expensive is $2.59/g, a difference of $1.10/g.
The lowest price in the state today is $1.49/g while the highest is $2.59/g, a difference of $1.10/g.
“For now, its likely that we remain on this path of rising prices, but we won’t see gas prices snap back to normal for some time yet,” De Haan said.
The national average price of gasoline has risen 1.5 cents per gallon in the last week, averaging $2.12/g today.
The national average is up 17.2 cents per gallon from a month ago and stands 52.9 cents per gallon lower than a year ago.
Historical gasoline prices in Texas and the national average going back ten years:
June 22, 2019: $2.35/g (U.S. Average: $2.65/g)
June 22, 2018: $2.67/g (U.S. Average: $2.85/g)
June 22, 2017: $2.08/g (U.S. Average: $2.27/g)
June 22, 2016: $2.11/g (U.S. Average: $2.32/g)
June 22, 2015: $2.60/g (U.S. Average: $2.79/g)
June 22, 2014: $3.51/g (U.S. Average: $3.68/g)
June 22, 2013: $3.41/g (U.S. Average: $3.58/g)
June 22, 2012: $3.25/g (U.S. Average: $3.44/g)
June 22, 2011: $3.52/g (U.S. Average: $3.62/g)
June 22, 2010: $2.59/g (U.S. Average: $2.72/g)
Neighboring areas and their current gas prices:
• Midland Odessa – $1.88/g, up 1.6 cents per gallon from last week’s $1.86/g.
• San Antonio – $1.79/g, unchanged from last week’s $1.79/g.
• Austin – $1.81/g, up 0.6 cents per gallon from last week’s $1.81/g.