Average gasoline prices in Texas go opposite of U.S. trend; see what’s expected next

Published 6:44 am Monday, January 22, 2024

Motorists continue to see gasoline prices bouncing off lows, only to re-test them again and again.

“While prices jumped in some places, it’s being offset by drops elsewhere, and that has kept alive the possibility of briefly seeing the national average fall to the lowest level since 2021,” Patrick De Haan said. “We remain just a nickel or so away from a $2.99 national average, and while the window of opportunity continues to slowly close, with refiners now starting the purge of winter gasoline on the West Coast, we still have a low level chance of getting there.”

The head of petroleum analysis at GasBuddy said if motorists do see a national average of $2.99 per gallon, it won’t last long as “we start to turn the corner and get closer to the start of the transition to summer gasoline.”

Average gasoline prices in Texas have risen 2.5 cents per gallon in the last week, averaging $2.65/g today, according to GasBuddy’s survey of 13,114 stations in Texas.

Prices in Texas are 2.1 cents per gallon lower than a month ago and stand 36.2 cents per gallon lower than a year ago.

The national average price of diesel has fallen 2.1 cents in the last week and stands at $3.87 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 0.8 cents per gallon in the last week, averaging $3.03/g today.

The national average is down 7.8 cents per gallon from a month ago and stands 36 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 – $2.79/g, up 6.0 cents per gallon from last week’s $2.73/g.
• San Antonio – $2.64/g, up 3.9 cents per gallon from last week’s $2.60/g.
• Austin – $2.67/g, up 3.0 cents per gallon from last week’s $2.64/g.

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

January 22, 2023: $3.01/g (U.S. Average: $3.39/g)
January 22, 2022: $2.98/g (U.S. Average: $3.33/g)
January 22, 2021: $2.09/g (U.S. Average: $2.39/g)
January 22, 2020: $2.21/g (U.S. Average: $2.53/g)
January 22, 2019: $1.97/g (U.S. Average: $2.27/g)
January 22, 2018: $2.30/g (U.S. Average: $2.54/g)
January 22, 2017: $2.11/g (U.S. Average: $2.30/g)
January 22, 2016: $1.63/g (U.S. Average: $1.84/g)
January 22, 2015: $1.83/g (U.S. Average: $2.03/g)
January 22, 2014: $3.08/g (U.S. Average: $3.27/g)