How gas prices have changed in Houston in the last week

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How gas prices have changed in Houston in the last week

Gasoline prices have continued their downward trend toward three-year lows as the U.S. election nears. Experts attribute the lower prices to lower consumer demand and Israel’s decision not to strike Iranian oil facilities amid escalating conflict in recent weeks.

“While many Americans may incorrectly credit the upcoming election for the declines, politicians have little influence over the strong seasonal forces that drive prices lower in autumn,” GasBuddy analyst Patrick De Haan said in a statement Monday.

Demand could continue to decline, as it does seasonally this time of year when colder weather keeps more Americans off the roads. The Energy Information Administration projects that decline to extend into next year. The agency overseeing data on oil and natural gas products estimates the average cost for a gallon of gasoline next year will be $3.20, down from $3.30 per gallon in 2024.

Stacker compiled statistics on gas prices in Houston, TX metro area using data from AAA. Gas prices are current as of October 28.

Houston by the numbers
– Gas current price: $2.69
— Texas average: $2.67
– Week change: -$0.04 (-1.5%)
– Year change: -$0.28 (-9.3%)
– Historical expensive gas price: $4.68 (6/11/22)

– Diesel current price: $3.05
– Week change: -$0.03 (-0.8%)
– Year change: -$0.87 (-22.2%)
– Historical expensive diesel price: $5.24 (6/19/22)

Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.21
#2. Salinas, CA: $4.87
#3. San Francisco, CA: $4.86

Metros with the least expensive gas
#1. Laredo, TX: $2.53
#2. Sherman-Denison, TX: $2.56
#3. Lubbock, TX: $2.56

This story features writing by Dom DiFurio and is part of a series utilizing data automation across 371 metros.

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