GAS PRICES

Gas prices continue to drop locally

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Austin gas prices have fell another 3.2 cents per gallon over the past week, averaging $2.34/g on Monday, according to GasBuddy's daily survey of 830 stations. Gas prices in the Austin area were down 14.6 cents over the last month. 

"For the sixth straight week, gasoline prices have declined nationally, a feat not often seen heading into the prime of summer driving season,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “It was a perfect week, with every state seeing average gas prices decline versus last Sunday as stations continued to pass along the lower replacement cost as oil prices remain under considerable selling pressure.”

Monday’s local area average of $2.04 per gallon was 32.8 cents per gallon lower than a year ago. According to GasBuddy price reports, gas could be found as expensive as $2.89/g on Monday, a range of 85.0 cents per gallon depending on where consumers purchased their fuel.

The report said prices across Texas ranged from $1.95/g to $3.29/g, a difference of $1.34/g. Nationwide, the price ranged from $1.92/g to $5.89/g, a difference of $3.97/g. 

"Gas prices have been and will be unaffected by last weeks' oil tanker attack and we're highly likely to see the national average decline for its seventh straight week barring any curve balls,” said DeHaan. “Not a bad summer to be hitting the road as Americans are spending nearly $100 million less every day on gasoline than a year ago."



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