AMARILLO, Texas (KAMR/KCIT) – Gas prices in the Amarillo area fell by 4.3 cents per gallon in the last week, averaging $2.58/gallon on Monday, according to the most recent report from GasBuddy. Those prices were noted as 12.6 cents per gallon lower than a month ago and 34.2 cents per gallon lower than a year ago.
GasBuddy reported the cheapest station in Amarillo was priced at $2.38/gallon on Sunday while the most expensive was $3.49/gallon, a difference of $1.11 per gallon. The lowest price in Texas on Sunday was recorded at $2.22/gallon while the most expensive was $3.99/gallon, a difference of $1.77.
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Nationally, the average price of gas rose 0.9 cents per gallon in the last week to reach an average of $3.10/gallon on Monday. That national average was noted as down 6.5 cents from a month ago and 37.5 cents lower than a year ago. Nationally, the average price of diesel increased by 1.6 cents in the last week to stand at around $3.70/gallon.
Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.56/gallon, down 4.2 cents per gallon from last week’s $2.61/gallon.
- Midland Odessa- $2.78/gallon, up 14.0 cents per gallon from last week’s $2.64/gallon.
- Oklahoma- $2.66/gallon, down 2.6 cents per gallon from last week’s $2.68/gallon.
“It’s been another relatively quiet week for average gas prices, with most states seeing modest or slight declines, while a handful of price cycling states experienced the most noticeable fluctuations,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices continue to hover in the mid-to-upper $60s, and with gasoline demand starting to ease as we head into August, we could see prices gradually decline as we approach Labor Day. That said, this is also the time of year when the tropics begin to stir, so we’ll be keeping a close eye on hurricane activity that could disrupt supply and shift the outlook.”…