Gas Prices See Minimal Drop
By: Joey Hollingsworth
Updated: October 24, 2011
Average retail gasoline prices in Texas have fallen 0.8 cents per gallon in the past week, averaging $3.29 per gallon yesterday. This compares with the national average that has fallen 1.8 cents per gallon in the last week to $3.47 per gallon, according to gasoline price website TexasGasPrices.com.
Including the change in gas prices in Texas during the past week, prices yesterday were 66.1 cents per gallon higher than the same day one year ago and are 0.1 cents per gallon higher than a month ago. The national average has decreased 5.9 cents per gallon during the last month and stands 65.5 cents per gallon higher than this day one year ago.
"Surprisingly, the average price for a gallon of gasoline fell last week," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While volatility in prices is all but guaranteed, the direction in which prices travel is less clear, even after the death of Gadhafi. Many Americans believe his death will mean a drop in oil prices- but I just don't see it happening," DeHaan added.
Including the change in gas prices in Texas during the past week, prices yesterday were 66.1 cents per gallon higher than the same day one year ago and are 0.1 cents per gallon higher than a month ago. The national average has decreased 5.9 cents per gallon during the last month and stands 65.5 cents per gallon higher than this day one year ago.
"Surprisingly, the average price for a gallon of gasoline fell last week," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While volatility in prices is all but guaranteed, the direction in which prices travel is less clear, even after the death of Gadhafi. Many Americans believe his death will mean a drop in oil prices- but I just don't see it happening," DeHaan added.
