Gas pump prices taper off in Texas

Published 1:38 pm Monday, June 11, 2018

Staff report

Gasoline prices in Texas fell 2.7 cents per gallon last week, averaging $2.72 per gallon Sunday, according to GasBuddy’s daily survey of 13,114 stations in Texas.

The national average fell 3.1 cents per gallon against the previous week, dropping to $2.91 per gallon.

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Monday’s gas prices were most similar to those on June 11, 2015, when retailers were charging $2.56 per gallon of unleaded regular. Other average June 11 prices in previous years included:

 

  • $2.15 in 2017
  • $2.14 in 2016
  • $3.43 in 2014
  • $3.37/g in 2013

Including the change locally during the past week, prices Sunday were 56.5 cents per gallon higher than a year ago and are 9.3 cents per gallon higher than a month ago. The national average has increased 4.8 cents per gallon during the last month and stands 58.5 cents per gallon higher than a year ago, according to GasBuddy, a national consumer website.

Areas near Texas and their current gas price climate: Midland Odessa: $3.06, up 0.4 cents per gallon from last week’s $3.05. San Antonio: $2.65, down 2.5 cents per gallon from last week’s $2.67. Austin: $2.69/g, down 2.1 cents per gallon from last week’s $2.71.

“Gasoline prices continue to fade after peaking just ahead of Memorial Day, largely in part due to previous discussion that OPEC may lift output, pushing oil prices back down to the mid-$60s,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “As we’ve been expecting for months, gas prices will likely decline in the month of June as summer gasoline inventories continue to build and refiners continue to crank out fuels like gasoline and diesel. A solid majority of states saw average gas prices decline last week, and I expect we’ll hold that trajectory again this week.”

Average prices in Jefferson County were $2.66 Monday morning. Average prices in Orange County were $2.65 and in Hardin, $2.63.