Local gas prices dipped slightly last week after annual highs were recorded between April 14 and 18.
The average retail price of gasoline in the state decreased by 0.8 cents per gallon during the past week, according to GasBuddy.com, a gas price comparison website.
The decrease resulted in a state average price for regular gasoline of $3.47 per gallon on Sunday.
Despite the drop in price, the cost of gasoline was 16.2 cents per gallon higher than the same day last year and 11.6 cents per gallon higher than a month ago, stated the website.
Gas prices from Nolanville to Copperas Cove ranged in price from $3.46 to $3.51 on Monday, according to AAA’s website.
GasBuddy.com showed Monday prices ranging from $3.40 to $3.55 in the same area.
The state’s average was 18 cents lower than the national average of $3.65 per gallon which increased by 2.5 cents last week.
“While the national average has risen for the 12th straight week, it is likely nearing a peak,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan in a news release.
“Gas price increases have continued since early February but are likely nearing an end as oil refineries conclude seasonal maintenance, and the switchover to summer gasoline is nearing completion.”
The national average increased by 12.9 cents per gallon during the last month. It is 16.5 cents per gallon higher than the same day last year.
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