• December 2, 2016

Gas prices continue to drop in Texas, U.S.

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Posted: Monday, August 11, 2014 10:12 pm

Gas prices in the Killeen area kept pace with national and statewide trends by continuing to decline.

Prices for a gallon of unleaded gasoline ranged from $3.19 at the Exxon at East Hallmark Avenue and Florence Road to $3.29 at Exxon’s location at East Rancier Avenue and North Gray Street.

Customers in Harker Heights saw more fluctuation — from $3.15 at Sam’s Club on West Central Texas Expressway to $3.59 at Texaco on East Veterans Memorial Boulevard near Valley Road. Prices in Copperas Cove varied less — from $3.21 at H-E-B on East U.S. Highway 190 near Robert Griffin III Boulevard, where customers can save 11 cents per gallon if they use a H-E-B gift card, to $3.26 at the Exxon on North First Street and West Avenue B.

Copperas Cove resident Tatshae Cleaver said she has noticed a fluctuation in gas prices.

“It’ll go down for a month and then up for a couple of months,” Cleaver said.

“Every time I look at prices and say, ‘Hey, look at that,’ they’re up again.”

Average retail gasoline prices in Texas fell 4.6 cents per gallon in the past week, averaging $3.28 per gallon Sunday, according to GasBuddy’s daily survey of 13,114 gas outlets in Texas.

This compares with the national average that dropped 1.7 cents per gallon in the last week to $3.40 per gallon. Including the change in gas prices in Texas during the past week, prices Monday were 14 cents per gallon lower than the same day one year ago and are 18.5 cents per gallon lower than a month ago. The national average fell 15.4 cents per gallon during the last month and stands 8.2 cents per gallon lower than this day one year ago.

Patrick DeHaan, a senior petroleum analyst at GasBuddy.com, said it was rare to see prices dip in midsummer — because of a high demand for gasoline and the risk of hurricane — but oil prices rallied in mid-June, altering the behavior of gas prices.

“After the situation in Iraq cooled, it led to a widespread sell-off in commodities that led to cheaper oil prices, and refineries passed the savings on to motorists,” DeHaan said. “Prices today versus last year are lower in many communities across the country. The best news is that as the driving season concludes, prices are likely to drop most significantly in late September through the holidays.”

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