Austin gas prices have fallen 4-cents per gallon in the past week, averaging $1.85/gallon, according to GasBuddy’s daily survey of 830 stations.
“Gas prices have reached their highest post-coronavirus level as Hurricane Laura caused Gulf Coast refineries to shut, limiting production as gasoline demand edged higher,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rebound in demand comes with just a week left in the summer driving season and isn’t expected to continue once the driving season wraps up, but while some may see prices tick higher over the next few days, more decreases are coming to gas prices once Labor Day is over as demand will likely move lower. In addition, the switch back to cheaper winter gasoline will happen in a few weeks, giving more potential downward momentum for prices.”
Gas prices in Austin are 2-cents per gallon higher than a month ago and 43.7-cents per gallon lower than a year ago.
