AMARILLO, Texas (KAMR/KCIT) — Gas prices in Amarillo fell 4.7 cents per gallon in the last week to reach an average of $2.09/gallon on Monday, according to the most recent report from GasBuddy. Those prices are 32.3 cents per gallon lower than they were a month ago and 40.9 cents per gallon lower than they were a year ago.
GasBuddy reported the cheapest station in Amarillo was priced at $1.94/gallon on Sunday, while the most expensive was $2.29/gallon, a difference of 35.0 cents. The lowest price in Texas was noted as $1.89/gallon, while the most expensive was $3.95/gallon, a difference of $2.06.
Nationally, the average price of gas has fallen 4.0 cents from last week’s average of $2.75/gallon on Monday. That national average was noted down 22.6 cents from a month ago and stands 22.4 cents lower than a year ago. The national average price of diesel fell by 5.4 cents to stand at around $3.52/gallon.
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Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.09/gallon, down 4.1 cents from last week’s $2.13/gallon.
- Midland Odessa- $2.30/gallon, down 14.1 cents per gallon from last week’s $2.44/gallon.
- Oklahoma- $2.17/gallon, down 6.6 cents from last week’s $2.24/gallon.
“For the fifth straight week, the national average price of gasoline has declined, with all but a handful of states seeing prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have remained relatively low even amid the U.S. blockade on Venezuela’s oil exports. With refineries running at seasonally high output and gasoline inventories building, most states— outside of price-cycling markets— have continued to see declines, with some stations in nearly a dozen states now dipping below the $2-per-gallon mark. That trend could persist a bit longer before prices finally bottom out sometime in January or February.”…