Texas Gas Prices Fall, Expected to Drop Further
By: Press Release
Updated: October 15, 2012
Average retail gasoline prices in Texas have fallen 0.9 cents per gallon in the past week, averaging $3.51/g yesterday.
This compares with the national average that has fallen 2.8 cents per gallon in the last week to $3.77/g, according to gasoline price website TexasGasPrices.com.
Including the change in gas prices in Texas during the past week, prices yesterday were
24.3 cents per gallon higher than the same day one year ago and are 13.0 cents per gallon
lower than a month ago.
The national average has decreased 9.0 cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.
"The national average has again seen a decrease in the last week, as California joins much
of the rest of the United States in seeing lower prices," said GasBuddy.com Senior
Petroleum Analyst Patrick DeHaan.
"Even though there hasn't been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower. In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices," DeHaan said.
This compares with the national average that has fallen 2.8 cents per gallon in the last week to $3.77/g, according to gasoline price website TexasGasPrices.com.
Including the change in gas prices in Texas during the past week, prices yesterday were
24.3 cents per gallon higher than the same day one year ago and are 13.0 cents per gallon
lower than a month ago.
The national average has decreased 9.0 cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.
"The national average has again seen a decrease in the last week, as California joins much
of the rest of the United States in seeing lower prices," said GasBuddy.com Senior
Petroleum Analyst Patrick DeHaan.
"Even though there hasn't been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower. In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices," DeHaan said.
