Average gasoline prices in Austin have fallen 15.4 cents per gallon in the last week, averaging $3.70/g today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 77.9 cents per gallon lower than a month ago, but also stand 92.4 cents per gallon higher than a year ago. The national average price of diesel has declined 14.8 cents in the last week and stands at $5.27 per gallon.
“We continue to see average gas prices falling in every state, with the national average down for the seventh straight week. Even better, nearly 20 states have also seen their average decline to $3.99 or less, with over 70,000 stations now at that level or below,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The outlook is for a continued drop in most areas, however, some supply tightness in areas of the Northeastern U.S. could push prices up slightly until inventories rise, or imports do. For now, Americans are seeing prices nearly 90 cents lower than their mid-June peak and are spending close to $330 million less on gasoline every day as a result. As long as oil prices hold at these levels or lower, we’ll see another decline in most areas this week.”
According to GasBuddy price reports, the cheapest station in Austin was priced at $3.34/g yesterday while the most expensive was $4.69/g, a difference of $1.35/g.
