AMARILLO, Texas (KAMR/KCIT) – Gas prices in the Amarillo area rose by 1.4 cents per gallon in the last week, averaging $2.61/gallon on Monday, according to the most recent report from GasBuddy. Those prices were noted as 5.8 cents per gallon higher than a month ago and 32.1 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 $3.49/gallon, a difference of $1.07 per gallon. The lowest price in Texas on Sunday was recorded at $2.34/gallon while the most expensive was $3.99/gallon, a difference of $1.65.
Nationally, the average price of gas rose 2.0 cents per gallon in the last week to reach an average of $3.11/gallon on Monday. That national average was noted as down 0.5 cents from a month ago and 37.9 cents lower than a year ago. Nationally, the average price of diesel increased by 3.2 cents in the last week to stand at around $3.67/gallon.
TxDOT Amarillo ‘Know Before You Go’ report for the week of July 14
Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.59/gallon, up 4.2 cents per gallon from last week’s $2.55/gallon.
- Midland Odessa- $2.74/gallon, up 13.4 cents per gallon from last week’s $2.61/gallon.
- Oklahoma- $2.69/gallon, up 6.3 cents per gallon from last week’s $2.63/gallon.
“With oil prices posting a modest uptick last week, the national average price of gasoline also inched slightly higher, with just over half of U.S. states seeing increases, while nearly two dozen saw declines,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “As we approach the midpoint of the summer driving season, gasoline inventories remain just below average, while diesel inventories are considerably tighter—keeping upward pressure on diesel prices. While renewed tariff discussions could weigh on oil markets due to concerns about economic growth, absent any major developments, we expect the national average to remain rangebound in the low-$3 per gallon area, where it has spent much of the summer.”…