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Weekly Gas Price Update

by Gina 01/13/2020
written by Gina 01/13/2020

Texas gas prices have fallen 1.3 cents per gallon in the past week, averaging $2.26/g today, according to GasBuddy’s daily survey of 13,114 stations. Gas prices in Texas are 3.8 cents per gallon higher than a month ago and stand 33.4 cents per gallon higher than a year ago. In Brownfield, gas prices have saw an increase last week to $2.29 before dipping down to $2.19 on Monday. Some stations are still at $2.22, while others have remained at $2.29.

According to GasBuddy price reports, the lowest price in the state on January 13 is $2.01/g while the highest is $3.19/g, a difference of $1.18/g. The cheapest price in the entire country stands at $0.65/g while the most expensive is $4.99/g, a difference of $4.34/g. 

The national average price of gasoline has fallen 1.8 cents per gallon in the last week, averaging $2.57/g today. The national average is up 0.6 cents per gallon from a month ago and stands 33.2 cents per gallon higher than a year ago.

Historical gasoline prices in Texas and the national average going back ten years:
January 13, 2019: $1.92/g (U.S. Average: $2.24/g)
January 13, 2010: $2.62/g (U.S. Average: $2.74/g) 

Neighboring areas and their current gas prices:
Midland Odessa- $2.42/g, down 2.4 cents per gallon from last week’s $2.45/g.
San Antonio- $2.17/g, down 3.4 cents per gallon from last week’s $2.20/g.
Austin- $2.23/g, down 1.4 cents per gallon from last week’s $2.25/g.

“With Iran and the United States de-escalating rising tensions last week, oil prices plummeted back under $60 per barrel, a welcome sign for motorists who had believed gas prices were about to shoot up. For now, the reduced tensions may lead gas prices to again begin falling in most states over the next few weeks before seasonal factors then again push prices back up,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “We have a closing window of opportunity that will last about four more weeks in which we could see falling prices as demand for gasoline weakens, but by mid-February, that trend may wrap up. I don’t expect to see prices fall more than 10-20 cents by then, but some clearance sales may happen in early February as refiners begin seeing challenges getting rid of the gasoline they’re forced to produce.”

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