Texas gas prices drop more than 10 cents per gallon, leading to savings on Labor Day travel

According to a GasBuddy survey of 13,114 gas stations in Texas, average gasoline prices in Texas have fallen 10.2 cents per gallon over the past week, averaging $2.87/g today. Prices in Texas are 24.7 cents per gallon lower than a month ago and 50.8 cents per gallon lower than a year ago. The national average price for diesel has fallen 3.2 cents over the past week, a multi-year low of $3.67 per gallon.

According to GasBuddy’s price reports, the cheapest gas station in Texas yesterday cost $2.43/g, while the most expensive cost $3.59/g, a difference of $1.16/g.

The national average price of gasoline fell 6.2 cents per gallon over the past week and is averaging $3.30 per gallon today. The national average is down 20.7 cents per gallon from last month and is 49.2 cents per gallon lower than last year, according to data from GasBuddy compiled from more than 11 million weekly price reports from over 150,000 gas stations across the country.

“It seems fitting that the national average has fallen for four weeks in a row leading up to Labor Day to its lowest level since February, giving Americans one last chance to hit the road when gasoline prices aren’t as big of a deal,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “GasBuddy is currently monitoring eight states where average gasoline prices are already below the $3 per gallon mark, and nearly 20% of gas stations nationwide are selling gas for $2.99 ​​or less. Those numbers will look better week by week as we move into fall. GasBuddy’s Labor Day travel forecast, released tomorrow, will provide more good news about the millions of dollars Americans who travel by car will save compared to last year.”

Historical gasoline prices in Texas and the national average for the last 10 years:

• August 26, 2023: $3.38/g (US average: $3.80/g)
• August 26, 2022: $3.36/g (US average: $3.84/g)
• August 26, 2021: $2.80/g (US average: $3.14/g)
• August 26, 2020: $1.92/g (US average: $2.23/g)
• August 26, 2019: $2.33/g (US average: $2.58/g)
• August 26, 2018: $2.60/g (US average: $2.83/g)
• August 26, 2017: $2.16/g (US average: $2.36/g)
• August 26, 2016: $2.01/g (US average: $2.21/g)
• August 26, 2015: $2.29/g (US average: $2.56/g)
• August 26, 2014: $3.25/g (US average: $3.43/g)

Current gas prices across the state:

• Midland Odessa – $2.81/g, down 10.6 cents per gallon from the previous week’s $2.91/g.
• San Antonio – $2.70/g, down 14.6 cents per gallon from the previous week’s $2.85/g.

Austin – $2.76/g, down 16.2 cents per gallon from the previous week’s $2.92/g.