• December 21, 2014

Area gasoline prices continue to fall

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Posted: Monday, August 18, 2014 11:45 pm

Retail gasoline prices continued to decline in the Killeen area while the nation saw its lowest average prices since February.

Prices in Killeen ranged from $3.17 at the H-E-B on Trimmier Road, where buyers saved 11 cents per gallon if they used an H-E-B gift card, to $3.29 at Summit, at East Veterans Memorial Boulevard and South 38th Street.

Harker Heights prices ranged from $3.13 at members-only Sam’s Club on West Central Texas Expressway to $3.54 at Texaco, on East Veterans Memorial Boulevard.

The gap in Copperas Cove prices was smaller, from $3.17 at Murphy USA on East U.S. Highway U.S. 190 near Gibson Street to $3.24 at Valero.

Retail gasoline prices in Texas fell 1.6 cents per gallon in the past week, averaging $3.26 per gallon Sunday, according to GasBuddy.com’s daily survey of 13,114 gas outlets in the state.

The national average dropped 2 cents per gallon to $3.45 per gallon in the last week.

In Texas, prices on Sunday were 14.1 cents per gallon lower than the same day one year ago and 16.8 cents per gallon lower than a month ago. The national average dropped 13.2 cents per gallon in the last month and stood at 8.5 cents per gallon lower than this day one year ago.

The downward trend will likely continue as summer draws to a close, said Patrick DeHaan, senior petroleum analyst at GasBuddy.com.

“For motorists, we’re nearing the point that gasoline demand drops — after Labor Day — and the upcoming switch back to cheaper winter gasoline will also put downward pressure on prices in mid-September,” DeHaan said. “While a short-term increase in gasoline prices is never out of the question, as we grow nearer to September, the likelihood of a spike decreases. It won’t be long before we’ll start to see a few cities seeing averages under $3 per gallon.”

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