National gas average finally drops week-over-week. What’s next for Texas motorists?

Published 5:50 am Monday, June 20, 2022

Getting your Trinity Audio player ready...

For the first time in nine weeks, gasoline prices have fallen, following a broad sell-off in oil markets last week, pushing the national average back under the $5 level with most states seeing relief at the pump.

Patrick De Haan, head of petroleum analysis at GasBuddy, is hopeful the trend may continue this week, “especially as concerns appear to be mounting that we may be on the cusp of an economic slowdown, putting downward pressure on oil. But the coast isn’t yet entirely clear.”

Average gasoline prices in Texas have fallen 1 cent per gallon in the last week, averaging $4.64/g today, according to GasBuddy’s survey of 13,114 stations in Texas.

Prices in Texas are 35.6 cents per gallon higher than a month ago and stand $1.89/g higher than a year ago.

The price of diesel has risen 2.6 cents nationally in the past week and stands at $5.80 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $3.89/g Sunday while the most expensive was $5.69/g, a difference of $1.80/g.

The national average price of gasoline has fallen 4.2 cents per gallon in the last week, averaging $4.97/g today.

The national average is up 37.3 cents per gallon from a month ago and stands $1.92/g higher 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.

“We could see the national average fall another 15 to 30 cents, if we’re lucky, by the time fireworks are flying, barring any unexpected shutdowns at a time when the market is extremely sensitive to such,” De Haan said.

Neighboring areas and their current gas prices:

• Midland Odessa – $4.44/g, down 3.9 cents per gallon from last week’s $4.48/g.
• San Antonio – $4.61/g, down 6.3 cents per gallon from last week’s $4.68/g.
• Austin- $4.65/g, down 4.6 cents per gallon from last week’s $4.69/g.

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

June 20, 2021: $2.75/g (U.S. Average: $3.05/g)
June 20, 2020: $1.83/g (U.S. Average: $2.12/g)
June 20, 2019: $2.36/g (U.S. Average: $2.66/g)
June 20, 2018: $2.68/g (U.S. Average: $2.87/g)
June 20, 2017: $2.09/g (U.S. Average: $2.28/g)
June 20, 2016: $2.11/g (U.S. Average: $2.33/g)
June 20, 2015: $2.60/g (U.S. Average: $2.80/g)
June 20, 2014: $3.50/g (U.S. Average: $3.68/g)
June 20, 2013: $3.42/g (U.S. Average: $3.60/g)
June 20, 2012: $3.27/g (U.S. Average: $3.48/g)