Big Spring Herald Weekend

Gasbuddy reports West Texas weekly gas prices

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Texas gas prices have risen 5.7 cents per gallon in the past week, averaging $1.90/g today, according to Gasbuddy's daily survey of 13,114 stations. Gas prices in Texas are 11.5 cents per gallon higher than a month ago and stand 30.9 cents per gallon lower than a year ago.

According to Gasbuddy price reports, the cheapest station in Texas is priced at $1.59/g today while the most expensive is $2.69/g, a difference of $1.10/g. The lowest price in the state today is $1.59/g while the highest is $2.69/g, a difference of $1.10/g.

The national average price of gasoline has risen 4.8 cents per gallon in the last week, averaging $2.21/g today. The national average is up 9.8 cents per gallon from a month ago and stands 34.5 cents per gallon lower than a year ago.

Historical gasoline prices in Texas and the national average going back ten years:

December 21, 2019: $2.21/g (U.S. Average: $2.55/g) December 21, 2018: $2.00/g (U.S. Average: $2.34/g) December 21, 2017: $2.17/g (U.S. Average: $2.44/g) December 21, 2016: $2.05/g (U.S. Average: $2.26/g) December 21, 2015: $1.79/g (U.S. Average: $1.99/g) December 21, 2014: $2.15/g (U.S. Average: $2.39/g) December 21, 2013: $3.02/g (U.S. Average: $3.23/g) December 21, 2012: $3.03/g (U.S. Average: $3.23/g) December 21, 2011: $3.04/g (U.S. Average: $3.20/g) December 21, 2010: $2.82/g (U.S. Average: $2.97/g)

Neighborin­g areas and their current gas prices: Midland Odessa- $2.07/g, up 8.2 cents per gallon from last week's $1.99/g.

San Antonio- $1.87/g, up 13.1 cents per gallon from last week's $1.74/g.

Austin- $1.90/g, up 10.4 cents per gallon from last week's $1.79/g.

"The sudden spike in gas prices last week was brought on by a continued rise in the price of oil, which jumped last week to nearly $50 per barrel, the highest we've seen since March, when prices collapsed due to COVID-19. While last week's gas price surge isn't likely to repeat this week, it could be a sign of things to come in the year ahead," said Patrick De Haan, head of petroleum analysis for Gasbuddy. "A weakening U.S. dollar and vaccine optimism continued to push oil higher last week, along with stock markets. While some are wrongly pointing to the coming shift in the White House as driving up prices, I can assure motorists that what we're seeing has nothing to do with such a change and everything to do with market optimism that demand will rise, and the weaker dollar which makes oil cheaper to anyone holding non-dollar currencies, putting upward pressure on demand."

Gasbuddy is the authoritat­ive voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA'S once daily survey covering credit card transactio­ns at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, Gasbuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehens­ive and up-to-date in the country. Gasbuddy data is accessible at http:// Fuelinsigh­ts.gasbuddy.com.

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