Rise in Gas Prices Slows Temporarily
By: GasBuddy.com
Updated: January 16, 2012
Average retail gasoline prices in Texas have fallen 0.2 cents per gallon in the past week, averaging $3.20 per gallon yesterday. This compares with the national average that has increased 1.1 cents per gallon in the last week to $3.34 per gallon, according to gasoline price website TexasGasPrices.com.
Including the change in gas prices in Texas during the past week, prices yesterday were 27.0 cents per gallon higher than the same day one year ago and are 15.6 cents per gallon higher than a month ago. The national average has increased 10.3 cents per gallon during the last month and stands 27.2 cents per gallon higher than this day one year ago.
"Gasoline prices have slowed their rise in the last week as oil prices have temporarily stabilized," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I'm sure this leveling off in retail price won't last terribly long as tension mounts with Iran. I still expect 2012 to be a nasty year for the typical motorist, which is what our recently released 2012 gasoline price outlook also states," DeHaan said.
Including the change in gas prices in Texas during the past week, prices yesterday were 27.0 cents per gallon higher than the same day one year ago and are 15.6 cents per gallon higher than a month ago. The national average has increased 10.3 cents per gallon during the last month and stands 27.2 cents per gallon higher than this day one year ago.
"Gasoline prices have slowed their rise in the last week as oil prices have temporarily stabilized," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I'm sure this leveling off in retail price won't last terribly long as tension mounts with Iran. I still expect 2012 to be a nasty year for the typical motorist, which is what our recently released 2012 gasoline price outlook also states," DeHaan said.
