Mineral Wells Index, Mineral Wells, TX

Local News

July 14, 2014

Texas gas prices drop slightly

Average retail gasoline prices in Texas fell 1.3 cents per gallon in the past week, averaging $3.46 per gallon Sunday, according to GasBuddy’s daily survey of 13,114 gas outlets in Texas.

This compares with the national average that has fallen 3.7 cents per gallon in the last week to $3.61 per gallon, according to GasBuddy.com.

Including the change in gas prices in Texas during the past week, prices Sunday were  unchanged compared to the same day one year ago and are 1.4 cents per gallon higher than a month ago. The national average has decreased 4.3 cents per gallon during the last month and stands unchanged compared one year ago.

“The last two weeks have seen some large drops in oil prices and gasoline spot prices – a very exciting thing to see in the middle of the summer driving season,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Motorists have some nice relief coming at the pump to look forward to in the next week to two as these drops make it to retail outlets.”

Over the next week, the national average will fall back under $3.50 per gallon, DeHaan said, saying that is, “something we haven’t seen since April, and will also drop under last year’s average in the next few days. There is also the possibility for further declines if we don’t see a hurricane or geopolitical tensions ruin things.”

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