“Seasonal rise in gas prices appears to be over.” See where prices are headed.
Published 9:24 am Monday, April 29, 2024
With more confidence every day, it appears the spring top is in: average gas prices have started to cool off in many areas.
Patrick De Haan, head of petroleum analysis at GasBuddy, said for now, few Americans need to worry that gas prices are going to skyrocket; the risk appears to be behind motorists, with relief coming in the weeks ahead.
“While the latter half of the summer could potentially see hurricane-related issues, I do sense we’ve hit the top for now, and Americans should be optimistic that this summer will be very similar to last year, in line with our early 2024 expectations and likely not featuring record gasoline prices,” De Haan said. “I’m quite excited the seasonal rise in gas prices appears to be over.”
Average gasoline prices in Texas have fallen 5.8 cents per gallon in the last week, averaging $3.19/g today, according to GasBuddy’s survey of 13,114 stations in Texas.
Prices in Texas are 7.9 cents per gallon higher than a month ago and stand 5.8 cents per gallon higher than a year ago.
The national average price of diesel has fallen 2.9 cents in the last week and stands at $3.98 per gallon.
According to GasBuddy price reports, the cheapest station in Texas was priced at $2.31/g Sunday while the most expensive was $3.99/g, a difference of $1.68/g.
The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.63/g Monday.
The national average is up 8.4 cents per gallon from a month ago and stands 4.3 cents per gallon 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.
Neighboring areas and their current gas prices:
Midland Odessa – $3.21/g, down 7.3 cents per gallon from last week’s $3.28/g.
San Antonio – $3.19/g, down 11.0 cents per gallon from last week’s $3.30/g.
Austin – $3.17/g, down 13.6 cents per gallon from last week’s $3.30/g.
Historical gasoline prices in Texas and the national average going back ten years:
April 29, 2023: $3.14/g (US Average: $3.58/g)
April 29, 2022: $3.84/g (US Average: $4.16/g)
April 29, 2021: $2.60/g (US Average: $2.89/g)
April 29, 2020: $1.52/g (US Average: $1.75/g)
April 29, 2019: $2.59/g (US Average: $2.88/g)
April 29, 2018: $2.56/g (US Average: $2.81/g)
April 29, 2017: $2.22/g (US Average: $2.38/g)
April 29, 2016: $1.95/g (US Average: $2.20/g)
April 29, 2015: $2.36/g (US Average: $2.56/g)
April 29, 2014: $3.47/g (US Average: $3.70/g)
