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Report: Local gas prices dip 1.1 cents per gallon this week

Posted at 8:37 AM, Dec 28, 2020

CORPUS CHRISTI, Texas — Corpus Christi gas prices have fallen 1.1 cents per gallon in the past week, averaging $1.89 per gallon today, according toGasBuddy's daily surveyof 295 stations.

Gas prices in Corpus Christi are 21.0 cents per gallon higher than a month ago, but still are 33.7 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Corpus Christi is priced at $1.71 per gallon today while the most expensive is $2.19 per gallon. That's a difference of 48.0 cents per gallon. The lowest price in the state today is $1.59 per gallon while the highest is $2.63 per gallon, a difference of $1.04.

The local trend bucks that national average, as the national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.25 per gallon today. he national average is up 13.8 cents per gallon from a month ago and stands 32.6 cents per gallon lower than a year ago.

Here is the historical gasoline prices in Corpus Christi and the national average going back for 10 years:

December 28, 2019: $2.23/g (U.S. Average: $2.57/g)

December 28, 2018: $1.90/g (U.S. Average: $2.27/g)

December 28, 2017: $2.23/g (U.S. Average: $2.48/g)

December 28, 2016: $2.10/g (U.S. Average: $2.30/g)

December 28, 2015: $1.68/g (U.S. Average: $2.00/g)

December 28, 2014: $2.19/g (U.S. Average: $2.28/g)

December 28, 2013: $3.03/g (U.S. Average: $3.30/g)

December 28, 2012: $3.03/g (U.S. Average: $3.28/g)

December 28, 2011: $3.00/g (U.S. Average: $3.24/g)

December 28, 2010: $2.84/g (U.S. Average: $3.04/g)

Here are neighboring South Texas areas and their current gas prices:

Laredo - $1.90/g, down 4.0 cents per gallon from last week's $1.94/g.

San Antonio - $1.83/g, down 3.9 cents per gallon from last week's $1.87/g.

Rio Grande Valley - $1.88/g, down 3.8 cents per gallon from last week's $1.92/g.

"Average gasoline prices continue to move higher in most areas as retail gas prices continue to follow the rising price of crude oil which remains near the highest level since COVID-19 began in March," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Seasonal factors have sat in the backseat compared to a modest recovery in demand and a healthy dose of optimism that a COVID-19 vaccine will bring normal demand levels in the coming year.

"For now, it's not the best news for motorists as I expect gas prices may continue their ascent, but while it won't last forever, its likely a sign of what's to come in 2021- higher prices. The year ahead will be likely marked by recovery in the pandemic and rising demand."