Analyst “hopeful” Americans will soon see relief at the pump; see where Texas stands now

Published 5:42 am Monday, April 22, 2024

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The next few weeks should see many refineries wrapping up their work and gasoline output should rise, putting downward pressure on gasoline prices soon, according to Patrick De Haan.

The head of petroleum analysis at GasBuddy said while Israel’s retribution on Iran was somewhat surprising, it was also measured, with Iran virtually not even mentioning it publicly.

“As such, the price of oil has moved slightly lower, following the de-escalation that now appears to be taking place,” De Haan said. “I’m hopeful with reduced concern in the Middle East and an end to the seasonal factors pushing prices up that Americans will soon see relief.”

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Average gasoline prices in Texas have risen 8.4 cents per gallon in the last week, averaging $3.25/g today, according to GasBuddy’s survey of 13,114 stations in Texas.

Prices in Texas are 8.8 cents per gallon higher than a month ago and stand 2.4 cents per gallon lower than a year ago.

The national average price of diesel has decreased 0.4 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 $2.19/g Sunday while the most expensive was $4.34/g, a difference of $2.15/g.

The national average price of gasoline has risen 4.3 cents per gallon in the last week, averaging $3.64/g today.

The national average is up 10.8 cents per gallon from a month ago and stands 1.1 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.

Neighboring areas and their current gas prices:

• Midland Odessa – $3.28/g, unchanged  from last week’s $3.28/g.
• San Antonio- $3.30/g, up 29.0 cents per gallon from last week’s $3.01/g.
• Austin- $3.30/g, up 24.8 cents per gallon from last week’s $3.06/g.

Historical gasoline prices in Texas and the national average going back ten years:

April 22, 2023: $3.28/g (U.S. Average: $3.66/g)
April 22, 2022: $3.77/g (U.S. Average: $4.11/g)
April 22, 2021: $2.60/g (U.S. Average: $2.88/g)
April 22, 2020: $1.56/g (U.S. Average: $1.77/g)
April 22, 2019: $2.57/g (U.S. Average: $2.85/g)
April 22, 2018: $2.50/g (U.S. Average: $2.75/g)
April 22, 2017: $2.25/g (U.S. Average: $2.42/g)
April 22, 2016: $1.89/g (U.S. Average: $2.13/g)
April 22, 2015: $2.30/g (U.S. Average: $2.48/g)
April 22, 2014: $3.48/g (U.S. Average: $3.66/g)