Texas gas prices plummet 14 cents

Karim Noorani USA TODAY NETWORK
·1 min read
Richard Ortega fills up the tank at a gas station in downtown Phoenix, Arizona, in July.
Richard Ortega fills up the tank at a gas station in downtown Phoenix, Arizona, in July.

State gas prices fell for the second consecutive week and reached an average of $3.18 per gallon of regular fuel on Monday, according to the U.S. Energy Information Administration.

In the Wichita Falls area, the cheapest gas as of Thursday morning was $3.07 at Sam's Club gas station, 3801 Kell Blvd., and $3.10 at Dollar Saver, 711 Central Freeway, according to the GasBuddy website.

The average fuel price in Texas has fallen about 32 cents since last month. According to the EIA, gas prices across the state in the last year have ranged between $2.76 on Sept. 20, 2021, and $4.64 on June 13, 2022.

A year ago, the average gas price in Texas was $2.80 per gallon, representing a 14% annual increase.

>> INTERACTIVE: See how your area's gas prices have changed over the years

The average gas price in the United States last week was $3.75, making prices in Texas about 15.2% lower than the nation's average. The average national gas price has fallen for the 12th consecutive week.

This article originally appeared on Wichita Falls Times Record News: Texas gas prices plummet 14 cents