GAS PRICES

Gas prices dip below $2 locally

Posted

Gasoline prices in Austin have fallen 4.8 cents per gallon in the past week, averaging $2.00/g yesterday, according to GasBuddy's daily survey of 830 stations in Austin. This compares with the national average that has fallen 5.9 cents per gallon versus last week to $2.31/g, according to GasBuddy.

"Gas prices broadly continue to move lower across much of the country as oil prices continue to melt away," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "31 states now are seeing at least one price under $2 per gallon while the most common price seen across the land has dropped to $1.99 per gallon."

Average gasoline prices on December 24 in Austin have ranged widely over the last five years:

$2.13/g in 2017, $2.04/g in 2016, $1.78/g in 2015, $2.17/g in 2014 and $3.08/g in 2013.

Including the change locally during the past week, prices yesterday were 12.9 cents per gallon lower than a year ago and are 25.7 cents per gallon lower than a month ago. The national average has dropped 23.1 cents per gallon during the last month and stands 12.2 cents per gallon lower than a year ago.

Areas near Austin and their current gas price climate:

San Antonio- $1.90/g, down 4.3 cents per gallon from last week's $1.94/g.

Waco- $1.91/g, down 7.4 cents per gallon from last week's $1.99/g.

College Station- $1.97/g, down 6.9 cents per gallon from last week's $2.04/g.

"Americans are spending $225 million less every day on gasoline than they did some 75 days ago," said DeHaan.

Comments