Average gasoline prices in Austin have fallen 4.1 cents per gallon in the last week, averaging $3.10/g today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 4.3 cents per gallon higher than a month ago and stand 153.8 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.7 cents in the last week and stands at $3.85 per gallon.
According to GasBuddy price reports, the cheapest station in Austin was priced at $2.89/g yesterday while the most expensive was $3.59/g, a difference of 70.0 cents per gallon. The lowest price in the state yesterday was $2.60/g while the highest was $4.17/g, a difference of $1.57/g.
“It has been a quiet week for the national average, with little overall movement in average gas prices nationally even as oil prices have been a bit unstable. Some states have seen minor increases while others have seen decreases, and the mixed bag is likely to continue for the time being with oil prices a bit all over the place,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While gasoline demand continues to inch up, we could see additional pressure on pump prices, while the price of diesel continues to see downward movement. While the uncertainty over the direction of the economy is a major player in preventing oil’s rise, inventories of oil and gasoline do remain tight, preventing much additional downward movement as well. We’ll have to see which of those factors emerges as a winner to predict when the next large movement in prices could be. We’re also seeing more tropical activity in the Atlantic that could pose challenges in the weeks ahead as hurricane season ramps up.”
The national average price of gasoline has fallen 1.4 cents per gallon in the last week, averaging $3.56/g today. The national average is up 2.9 cents per gallon from a month ago and stands 141.7 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
