Gas prices take very small dip


Gasoline prices in Austin have fallen another half-cent per gallon in the past week, averaging $1.92/g on Sunday, Jan. 20, according to GasBuddy's daily survey of 830 stations in Austin. This compares with the national average that has increased 0.6 cents per gallon versus last week to $2.24/g, according to GasBuddy.

"The national average price for gasoline has seen little change in the last week in most areas, but this period remains the calm ahead of the storm, especially if China's trade deal pans out into a larger trade agreement with the U.S.," said Patrick DeHaan, head of petroleum analysis for GasBuddy. 

Average gasoline prices on January 21 in Austin have ranged widely over the last five years:

$2.26/g in 2018, $2.09/g in 2017, $1.65/g in 2016, $1.80/g in 2015 and $3.08/g in 2014.

Including the change locally during the past week, prices yesterday were 33.5 cents per gallon lower than a year ago and are 9.2 cents per gallon lower than a month ago. The national average has dropped 10.4 cents per gallon during the last month and stands 29.1 cents per gallon lower than a year ago.

Areas near Austin and their current gas price climate:

San Antonio- $1.86/g, down 2.2 cents per gallon from last week's $1.89/g.

Waco- $1.89/g, up 0.8 cents per gallon from last week's $1.88/g.

College Station- $1.94/g, down 0.3 cents per gallon from last week's $1.94/g.

"The transition to summer gasoline, a three month process, will begin in the weeks ahead, so the current period is still the calm before the storm," said DeHaan. "If a broad trade agreement with China does come to pass, that will enhance the normal rise of 35-75 cents per gallon that we see nationally from February's low prices to Memorial Day weekend's prices — so what you see today will likely feel like a completely different world than what we expect near Memorial Day."