Record lows set in Texas gas prices

December 7- Average retail gasoline prices in Texas have risen 0.9 cents per gallon in the past week, averaging $1.83/g yesterday, according to GasBuddy's daily survey of 13,114 gas outlets in Texas. This compares with the national average that has not moved in the last week to $2.03/g, according to gasoline price website

Areas nearby Texas and their current gas price climate:
Midland Odessa- $1.88/g, up 1.8 cents per gallon from last week's $1.86/g.
San Antonio- $1.79/g, down 3.3 cents per gallon from last week's $1.82/g.
Austin- $1.84/g, down 2.3 cents per gallon from last week's $1.86/g.

Including the change in gas prices in Texas during the past week, prices yesterday were 60.4 cents per gallon lower than the same day one year ago and are 14.8 cents per gallon lower than a month ago. The national average has decreased 18.5 cents per gallon during the last month and stands 63.2 cents per gallon lower than this day one year ago.

"The next 24 hours will likely see the national average drop to a new six-plus year low. The U.S. average needs to fall just seven-tenths of a penny from its current $2.032 per gallon (to $2.025/gal.) to be the lowest since March 25, 2009," said Patrick DeHaan, GasBuddy senior petroleum analyst. "As for the outcome of OPEC's meeting late last week: OPEC is going to wait for production to resume from Iran before looking at oil production quotas again next year. While we wait and see what that next meeting might bring, high oil production will likely continue to boost already record high oil inventories, keeping gasoline prices somewhat subdued. The national average has once again resumed falling after Turkey's downing of a Russian fighter jet caused a brief hiatus, but with prices moving lower, a $1.99 national average gasoline price could be something we witness this week," he added.

For a complete listing of current averages and other fuel price data, visit For fuel news and alerts, follow @GasBuddyNews on Twitter.