Midland/Odessa has seen gas prices go down consistently for the past two months, but we are still the most expensive area in Texas.

According to AAA.com, Texas has the cheapest gas of any other state in the nation at $3.45, which is more than a dollar cheaper than the peak price of $4.69 on June 15.

Why is gas going down consistently? Some main factors are increased gas production, the decrease in the price of crude oil, and lower demand have all made the price steadily go down since June 15.

Midland/Odessa gas prices are at an average of $3.57 but that is 12 cents higher than the state average.

The record average price of gas in Midland/Odessa peaked on June 11 at $4.51.

The cheapest gas in Texas is about to go below $3.00 which is the average cost of gas this time last year in Texas.

South Texas has the cheapest gas, clocking in at an average of $3.15 in Hidalgo County which is the county Edinburg and McAllen are located.

Nationwide the peak price of gas hit $5.01 in June, the national average now sits at $3.94 which is still more than the average price last year which is up 21.36%

The increase in Texas has not been as bad as it has been nationwide with the average up over this time last year by only 19.48% but gas costs are still rising quicker than all costs which rose 8.5% in July.

Increased gas production and decreased prices of crude oil should continue the decline of gas prices which should get down to a normal level by the end of the year.




LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

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