Amarillo Gas Prices Continue to Rise, Average $1.58/g

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Amarillo gas prices rose 12.3 cents per gallon in the past week, averaging $1.58/g yesterday, according to GasBuddy’s daily survey of 147 gas outlets in Amarillo.
 
This compares with the national average that has increased 3.7 cents per gallon in the last week to $1.74/g, according to gasoline price website GasBuddy.com. 
 
“We knew it was inevitable.  The 8-month decline in prices at the pump that brought the national average as low as $1.67 has come to an end,” said Gregg Laskoski, senior petroleum analyst for GasBuddy. 
 
Amarillo gas prices are now 61.8 cents per gallon lower than the same day one year ago and are 5.7 cents per gallon higher than a month ago. 
 
The national average has decreased 6.5 cents per gallon during the last month and stands 65.1 cents per gallon lower than this day one year ago.
 
“The ‘plateau’ or pause in price movement is now behind us as we’ve had a full week in which the national average has climbed steadily.  Some areas such as Southern California are weathering significantly higher increases as their refineries transition earlier from ‘winter blend’ to ‘summer blend’ production while Great Lakes states suffer from refinery run cuts.  As expected, this is the beginning of the seasonal price climb and we’ll have to wait and see if last week’s rally for crude gains momentum to underscore the trend.”  
 
According to GasBuddy historical data, gasoline prices on February 29 in Amarillo have ranged widely over the last five years:
  • $2.20/g in 2015, 
  • $3.19/g in 2014, 
  • $3.53/g in 2013, 
  • $3.41/g in 2012 and 
  • $3.24/g in 2011.
Areas nearby Amarillo and their current gas price climate:
  •  Midland Odessa- $1.54/g, up 3.5 cents per gallon from last week’s $1.51/g.
  •  Oklahoma- $1.61/g, up 17.3 cents per gallon from last week’s $1.44/g.
  •  Lubbock- $1.56/g, up 13.7 cents per gallon from last week’s $1.43/g.

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