AMARILLO, Texas (KAMR/KCIT) – According to the most recent report from GasBuddy, gas prices in the Amarillo area rose 1.8 cents in the last week to reach an average of $2.62/gallon, which was noted as 4.4 cents higher than a month ago and 3.6 cents lower than a year ago.
GasBuddy reported that the cheapest station in Amarillo was priced at $2.49/gallon on Sunday while the most expensive was $2.74/gallon, a difference of 25 cents. The lowest price in Texas on Sunday was $2.06/gallon while the highest was $4.06/gallon, a difference of $2.
TxDOT Amarillo ‘Know Before You Go’ report for the week of Feb. 23
Nationally, the average price of gasoline fell 3.8 cents in the last week to reach an average of $3.08/gallon on Monday. The national average was noted as down 4.4 cents from a month ago and 18.2 cents per gallon lower than a year ago.
Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.60/gallon, down 1.3 cents per gallon from last week’s $2.61/gallon.
- Midland Odessa- $2.78/gallon, up 8.0 cents per gallon from last week’s $2.70/gallon.
- Oklahoma- $2.71/gallon, up 6.5 cents per gallon from last week’s $2.64/gallon.
“With the sharp gas price increases on the West Coast now fading, the national average has dipped slightly over the past week. While some areas are seeing increases, others are experiencing stability or even slight declines, as the bulk of the seasonal transition has yet to significantly impact gasoline prices— certainly good news for motorists,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have remained steady in the low $70s, but we continue to monitor key developments, including ongoing talks between the U.S., Russia, and Ukraine on a potential agreement. However, as we inch closer to March, the typical March madness will eventually take hold, so motorists may want to enjoy the slight decline while it lasts. While I don’t see an abrupt spike in the national average just yet, we’re likely to see upward movement in the weeks ahead.”…