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Gasoline prices fall again; below $2 a gallon at some Houston stations

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November 26th, 2018

Gasoline prices again fell sharply in Houston, with some some stations charging below $2 a gallon.

The average price for a gallon of gasoline in Houston fell nearly 8 cents to $2.22, according to to GasBuddy.com, which tracks prices across the country. Prices here fell as low as $1.87 a gallon.

Texas is one of 18 states in which drivers can find gasoline for less than $2 a gallon. In Texas, the lower price Sunday was $1.79 a gallon at Buc-ees in Denton.

The slide in gasoline prices has followed the recent plunge in crude oil prices, which dove near $50 a barrel at the end of last week, losing nearly 8 percent if Friday's trading. U.S. crude prices are down more than 30 percent from their recent peak of about $76 a barrel in early October.

In Houston, gasoline prices are down 31 cents from a month ago, although they are still 4 cents higher than a year ago.

Nationally, gasoline averages $2.53 per a gallon, down about 8 cents from the previous week, according to GasBuddy. Average prices nationally have fallen 29 cents in the past month

Patrick DeHaan, head of petroleum analysis for GasBuddy, said gasoline prices will likely fall further in the week ahead, putting an additional $125 million a day in consumers pockets, compared to October.

 - Houston Chronicle





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See Also: Crude Oil, Natural Gas, Heating Oil, Unleaded Gas, Ethanol, Gasoline Blendstock

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