AMARILLO, Texas (KAMR/KCIT) – Gas prices in Amarillo fell by 4.9 cents per gallon in the last week, according to GasBuddy, reaching an average of $3.19/gallon on Monday. That prices was noted as 72.8 cents per gallon higher than a month ago and 59.5 cents higher than a year ago.
GasBuddy reported the cheapest station in Amarillo on Sunday was priced at $2.92/gallon, while the most expensive was $3.36/gallon, a difference of 44 cents. The lowest price in Texas on Sunday was noted at $2.59/gallon while the highest was $5.08/gallon, a difference of $2.49.
12 states see gas prices drop since last week, data shows
Nationally, the average price of gas rose 2.4 cents per gallon in the last week, averaging $3.95/gallon on Monday. That national average was up 97.9 cents from a month ago and 83.8 cents higher than a year ago. The national average price of diesel also increased 14.3 cents compared to last week, averaging $5.37/gallon, the highest level since July 27, 2022.
Gas prices in areas neighboring Amarillo included:
- Lubbock- $3.32/gallon, up 3.7 cents per gallon from last week’s $3.28/gallon.
- Midland Odessa- $3.91/gallon, up 18.6 cents per gallon from last week’s $3.73/gallon.
- Oklahoma- $3.21/gallon, up 0.9 cents per gallon from last week’s $3.20/gallon.
“Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of barrels of crude oil each day,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The situation remains highly volatile and unpredictable, but upward pressure on fuel prices is likely to persist as long as global oil supplies are constrained by the continued disruption in the Strait. We’re likely to see the national average for gasoline push beyond the $4-per-gallon mark, while diesel could approach $6 per gallon and potentially set new records if conditions fail to improve. Americans have already spent nearly $8 billion more on gasoline over the past month, a trend that poses growing risks to the broader economy, while surging diesel prices may begin to reaccelerate inflation.”…