Amarillo Gas Prices Continue to Fall

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AMARILLO — Amarillo gas prices continue to drop after falling 8.2 cents per gallon in the past week, averaging $2.42/g. 

This compares with the national average that has fallen 1.3 cents per gallon in the last week to $2.78/g.

“The national average continued its slow retreat in the last week, but current events with Greece may have some bearing on the market in the week ahead and could put downward pressure on oil prices,” said Patrick DeHaan, GasBuddy senior petroleum analyst.

Amarillo gas prices are now 100.3 cents per gallon lower than the same day one year ago and are 0.4 cents per gallon lower than a month ago. 

The national average has increased 3.9 cents per gallon during the last month and stands 89.6 cents per gallon lower than this day one year ago. 

“Much is waiting in the wings in regards to Greece and with the latest round of debt relief talks failing thus far, it may weigh on stocks and commodities in the week ahead. Regardless of Greece, I believe gas prices nationally will eke out a third straight weekly decline- though a negative outcome in the Greece situation stands to enhance the expected downward momentum. Just eleven states saw increases during the last week, leaving 39 that saw a decline- a nice trend as we head towards July 4,” DeHaan said.

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