AMARILLO, Texas (KAMR/KCIT) — Gas prices in Amarillo fell 7.6 cents per gallon in the last week to reach an average of $2.46/gallon on Monday, according to the most recent report from GasBuddy. Those prices are 27.5 cents per gallon lower than they were a month ago and 27.9 cents per gallon lower than they were a year ago.
GasBuddy reported the cheapest station in Amarillo was priced at $2.28/gallon on Sunday, while the most expensive was $2.80/gallon, a difference of 52.0 cents. The lowest price in Texas was noted as $2.18/gallon, while the most expensive was $5.39/gallon, a difference of $3.21.
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Nationally, the average price of gas has fallen 6.4 cents from last week’s average of $3.02/gallon on Monday. That national average was noted down 13.7 cents from a month ago and stands 14.4 cents lower than a year ago. The national average price of diesel fell by 3.5 cents to stand at around $3.62/gallon.
Gas prices in areas neighboring Amarillo included:
- Lubbock- $2.44/gallon, down 4.2 cents from last week’s $2.48/gallon.
- Midland Odessa- $2.55/gallon, down 13.9 cents per gallon from last week’s $2.75/gallon.
- Oklahoma- $2.49/gallon, down 3.2 cents from last week’s $2.53/gallon.
“Americans appear to be on the cusp of seeing the national average drop below $3 per gallon for the first time in years, as prices have fallen across the vast majority of the country,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With well over 40 states seeing gas prices decline and oil plunging below $60 per barrel to end the week, the good news may not end if — and when — the national average hits that magical $2.99 mark. We could even see a handful of stations in places like Oklahoma, Texas, or even Wisconsin drop below $2 per gallon in the weeks ahead — something not seen since the pandemic. In addition, with wages up and gas prices down, Americans are spending the smallest share of their paycheck on gasoline in many years.”…