Gas prices largely flat across nation. Where does that leave Texas?

Published 12:08 am Monday, July 20, 2020

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Gasoline prices were quiet last week as markets await the next chapter in the coronavirus situation, according to GasBuddy head of petroleum analysis Patrick De Haan.

“As cases continue to rise, the likelihood rises that gas prices will stabilize and demand may continue to see small decreases, which is the name of the game behind gas prices,” De Haan said.

Texas gas prices are unchanged in the past week, averaging $1.90/g today, according to GasBuddy’s daily survey of 13,114 stations.

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Gas prices in Texas are 6.5 cents per gallon higher than a month ago and stand 60.7 cents per gallon lower than a year ago.

“I wouldn’t expect much movement until we either see more states being impacted again or we see cases start to drop, either one would provide clarity to where we stand now,” De Haan said. “For now, motorists are still stuck with the lowest summer gas prices in 16 years.”

According to GasBuddy price reports, the cheapest station in Texas is priced at $1.39/g today while the most expensive is $2.69/g, a difference of $1.30/g. The lowest price in the state today is $1.39/g while the highest is $2.69/g, a difference of $1.30/g.

The national average price of gasoline has fallen 2.0 cents per gallon in the last week, averaging $2.18/g today.

The national average is up 5.4 cents per gallon from a month ago and stands 58.4 cents per gallon lower than a year ago.

Historical gasoline prices in Texas and the national average going back ten years:
July 20, 2019: $2.50/g (U.S. Average: $2.76/g)
July 20, 2018: $2.63/g (U.S. Average: $2.84/g)
July 20, 2017: $2.08/g (U.S. Average: $2.28/g)
July 20, 2016: $2.02/g (U.S. Average: $2.18/g)
July 20, 2015: $2.52/g (U.S. Average: $2.76/g)
July 20, 2014: $3.42/g (U.S. Average: $3.57/g)
July 20, 2013: $3.54/g (U.S. Average: $3.67/g)
July 20, 2012: $3.30/g (U.S. Average: $3.44/g)
July 20, 2011: $3.60/g (U.S. Average: $3.68/g)
July 20, 2010: $2.55/g (U.S. Average: $2.70/g)

Neighboring areas and their current gas prices:

• Midland Odessa – $2.06/g, up 2.2 cents per gallon from last week’s $2.04/g.
• San Antonio – $1.79/g, unchanged  from last week’s $1.80/g.
• Austin – $1.87/g, down 0.6 cents per gallon from last week’s $1.87/g.