Local News

Texas Gasoline Prices Are at Their Lowest Since Harvey Hit Land

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The Houston Chronicle reports that the price of gas in Texas is at the lowest it’s been since Hurricane Harvey, and with holiday travel season in full swing, that’s a Christmas miracle to be thankful for indeed. Their article reports: “Houston-area gasoline costs fell 4 cents a gallon in the last week down to an average of $2.12 for a gallon of regular unleaded. Likewise, the national average also dipped nearly 4 cents to $2.41 a gallon, according to GasBuddy, which tracks fuel pricing.”

Patrick DeHaan, Gasbuddy’s head of petroleum analysis, states, “Average gas prices in the U.S. have fallen to their lowest point in 110 days, just as Hurricane Harvey began causing prices to spike, not exactly the Christmas gift some hoped for, but it’s about time nonetheless. As long as demand for gasoline continues to weaken, gasoline inventories will continue growing and it’ll be the gift that keeps on giving.”

This is good news for consumers, however, GasBuddy’s blog also notes that, although gas prices have dropped, this has remained the priciest holiday season for fuel since the market began to drop four years ago. For those with travel plans that will keep them within the state of Texas, prices are down more dramatically across the Lone Star State than other areas, and if your travel plans are taking you north, the Great Lakes region is currently seeing lower gas prices as well. All of this should help to make the season merry and bright (at the pumps at least) which is a far cry better than the immediate effects that Harvey had throughout this great state.