“Trend is likely to continue.” National gas price average drops for 12th straight week.

Published 5:51 am Monday, December 11, 2023

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For the 12th straight week (three straight months), the national average has continued to decline, now at its lowest level of 2023 heading into the prime of the holiday season as oil prices continue to struggle amidst cooling demand.

Patrick De Haan, head of petroleum analysis at GasBuddy, said with nearly 80,000 gas stations in the U.S. now priced below $3 per gallon and 23 states also seeing average prices of $2.99 or less, motorists are getting substantial relief at the pump in time for the holidays.

“The trend is likely to continue in most states this week, while the national average could soon fall below $3.05 per gallon, the lowest since 2021,” De Haan said. “The good news may continue into 2024, with GasBuddy’s annual Fuel Outlook being released in just a few weeks.”

Average gasoline prices in Texas have fallen 14 cents per gallon in the last week, averaging $2.56/g today, according to GasBuddy’s survey of 13,114 stations in Texas.

Prices in Texas are 20.3 cents per gallon lower than a month ago and stand 10.2 cents per gallon lower than a year ago.

The national average price of diesel has fallen 8.4 cents in the last week and stands at $4.10 per gallon.

According to GasBuddy price reports, the cheapest station in Texas was priced at $1.59/g Sunday while the most expensive was $3.99/g, a difference of $2.40/g.

The national average price of gasoline has fallen 9.6 cents per gallon in the last week, averaging $3.11/g today.

The national average is down 23.7 cents per gallon from a month ago and stands 10.1 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 – $2.59/g, down 11.0 cents per gallon from last week’s $2.70/g.
San Antonio – $2.53/g, down 19.0 cents per gallon from last week’s $2.72/g.
Austin – $2.60/g, down 14.7 cents per gallon from last week’s $2.75/g.

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

December 11, 2022: $2.66/g (U.S. Average: $3.21/g)
December 11, 2021: $2.86/g (U.S. Average: $3.34/g)
December 11, 2020: $1.85/g (U.S. Average: $2.17/g)
December 11, 2019: $2.22/g (U.S. Average: $2.58/g)
December 11, 2018: $2.07/g (U.S. Average: $2.41/g)
December 11, 2017: $2.23/g (U.S. Average: $2.45/g)
December 11, 2016: $1.98/g (U.S. Average: $2.21/g)
December 11, 2015: $1.80/g (U.S. Average: $2.01/g)
December 11, 2014: $2.38/g (U.S. Average: $2.61/g)
December 11, 2013: $3.08/g (U.S. Average: $3.24/g)