Texas gas prices have fallen 0.4 cents per gallon in the past week, averaging $2.27/g, according to GasBuddy's daily survey of 13,114 stations. Gas prices in Texas are 8.6 cents per gallon lower than a month ago, yet stand 33.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Texas is priced at $1.92/g today while the most expensive is $3.19/g, a difference of $1.27/g. The lowest price in the state today is $1.92/g while the highest is $3.19/g, a difference of $1.27/g. The cheapest price in the entire country today stands at $1.80/g while the most expensive is $4.99/g, a difference of $3.19/g.
The national average price of gasoline has fallen 0.4 cents per gallon in the last week, averaging $2.55/g today. The national average is down 6.5 cents per gallon from a month ago, yet stands 28.9 cents per gallon lower than a year ago.
Neighboring areas and their current gas prices:
Midland Odessa- $2.44/g, down 3.1 cents per gallon from last week's $2.47/g.
San Antonio- $2.19/g, down 1 cent per gallon from last week's $2.20/g.
Austin- $2.23/g, down 1.8 cents per gallon from last week's $2.25/g.
"While gas prices have drifted lower for the ninth straight week, all eyes now turn to Saudi Arabia after an attack that knocked out over 5% of global oil production and how oil prices are likely to jump as a result," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "While there is some good news that motorists should not expect a sudden and major uptick in gas prices, there may be a minor impact beginning mid-week and continuing until Saudi Arabia's state-owned oil company, Aramco, is able to restore all production.
“However, even after oil production levels return to normal, there is an undeniable factor that will now forever impact oil prices- and that is that Saudi Arabia's reliability and stability is no longer guaranteed, and this missile strike is evidence that perhaps one of the world's most stable oil producers may no longer be seen as stable as they were prior to this event."