Gasoline prices across the state dropped about a nickle per gallon for regular unleaded compared to last week. Gasbuddy.com is reporting that regular unleaded gas in Texas is selling for an average of $2.24 per gallon.
In Brownwood, the drop was very slight. The low price per gallon on Sunday for regular unleaded was $2.23 which is about a two cent drop from last week. Almost every gas station in Brownwood & Early is selling regular unleaded for under the $2.30 per gallon mark with very few exceptions. One convenient store was found to still be at $2.39 which is the high end of the price range for now.
According to INO.com, oil and wholesale gasoline prices were slightly up from this time last week. A report was released during the week stating that oil inventories were up while gasoline inventories were down a bit causing wholesale fuel prices to spike on Thursday, but give up much of those gains the very next day.
The outlook for the coming week is that oil and wholesale gas prices are poised to open slightly higher mainly due to the dollar being weaker. This could mean a slight increase in gas prices at the pump this coming week, but probably by only a few cents.
Check back next week for an update on the local gasoline market.
