Average gasoline prices in Austin have fallen 8.6 cents per gallon in the last week, averaging $3.46 today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 60.7 cents per gallon lower than a month ago, yet also remain 67.9 cents per gallon higher than a year ago.
The national average price of diesel has declined 14.8 cents in the last week and stands at $5.27 per gallon.
“For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better than expected jobs report last week likely means less demand destruction than anticipated.”
The national average price of gasoline has fallen 9.9 cents per gallon in the last week, averaging $3.92/g today. The national average is down 63.7 cents per gallon from a month ago and stands 74.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
