Average gasoline prices in Austin have fallen 15.3 cents per gallon in the last week, averaging $4.40 today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 12.7 cents per gallon lower than a month ago and stand $1.63 higher than a year ago. The price of diesel has fallen 6.3 cents nationally in the past week and stands at $5.72 per gallon.
The national average price of gasoline has fallen 10.4 cents per gallon in the last week, averaging $4.78 today. That is down 7.2 cents per gallon from a month ago and $1.66 higher than a year ago.
“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that’s well-needed relief at a time when gas prices remain near records.”
