AMARILLO, Texas (KAMR/KCIT) – Gas prices in the Amarillo area fell by 11.7 cents per gallon in the last week, averaging $2.59/gallon on Monday, according to the most recent report from GasBuddy. Those prices were noted as 2.4 cents per gallon higher than a month ago and 36.8 cents per gallon lower than a year ago.
GasBuddy reported the cheapest station in Amarillo was priced at $2.42/gallon on Sunday while the most expensive was $2.79/gallon, a difference of 37 cents per gallon. The lowest price in Texas on Sunday was recorded at $2.28/gallon while the most expensive was $3.99/gallon, a difference of $1.71.
Flood risk still high in Texas as death toll climbs past 80
Nationally, the average price of gas fell 5.3 cents per gallon in the last week to reach an average of $3.09/gallon on Monday. That national average was noted as down 1.1 cents from a month ago and 37.4 cents lower than a year ago. Nationally, the average price of diesel decreased by 3.2 cents in the last week to stand at around $3.64/gallon.
Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.55/gallon, down 3.3 cents per gallon from last week’s $2.58/gallon.
- Midland Odessa- $2.61/gallon, down 10.4 cents per gallon from last week’s $2.71/gallon.
- Oklahoma- $2.63/gallon, down 3.3 cents per gallon from last week’s $2.66/gallon.
“Nearly every state saw average gas prices decline for the second straight week, even as the nation celebrated July 4 with the lowest national average for Independence Day since 2020,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That downward momentum may continue, as OPEC’s weekend decision to boost production by a larger-than-expected 548,000 barrels per day in August adds further pressure to oil prices— potentially accelerating supply builds. If tensions in the Middle East remain contained and the Gulf is spared from major hurricanes, the odds are improving that the national average could dip below $3 per gallon later this summer, but in the meantime we could see the national average falling to its lowest summer level since the pandemic.”…