Midland-Odessa Gas Prices Weekly Update: December 2, 2024

Average gasoline prices in Midland-Odessa fell 8.4 cents per gallon over the last week and averaged $2.45 per gram as of Monday, according to a GasBuddy survey of 156 Midland-Odessa gas stations. Prices in Midland-Odessa is 4.1 cents per gallon lower than a month ago and 26.5 cents per gallon lower than a year ago. The national average price of diesel rose 1.1 cents in the last week to $3.514 per gallon.

According to GasBuddy price reports, the price at the cheapest station in Midland-Odessa was $2.29/g on Sunday, while the most expensive was $2.91/g, a difference of 62.0 cents per gallon. The lowest price in the state on Sunday was $2.02/g while the highest was $3.41/g, a difference of $1.39/g.

The national average price of gasoline has fallen 0.6 cents per gallon over the past week, averaging $3.00 per gram as of Monday, according to GasBuddy data compiled from more than 11 million weekly price reports for over 150,000 gas stations Compiled across the country, the national average is down 7.7 cents per gallon from the previous month and is 23.2 cents per gallon lower than a year ago.

Historical gasoline prices in Midland-Odessa and the ten-year national average:

• December 2, 2023: $2.72/g (US average: $3.23/g)
• December 2, 2022: $2.99/g (US average: $3.39/g)
• December 2, 2021: $3.04/g (US average: $3.38/g)
• December 2, 2020: $1.98/g (US average: $2.17/g)
• December 2, 2019: $2.42/g (US average: $2.60/g)
• December 2, 2018: $2.76/g (US average: $2.43/g)
• December 2, 2017: $2.49/g (US average: $2.47/g)
• December 2, 2016: $2.03/g (US average: $2.17/g)
• December 2, 2015: $1.88/g (US average: $2.03/g)
• December 2, 2014: $2.61/g (US average: $2.75/g)

Adjacent areas and their current gas prices:

• Lubbock – $2.32/g, down 2.9 cents per gallon from last week: $2.35/g.
• Amarillo – $2.35/g, down 2.2 cents per gallon from last week’s $2.37/g.
• Texas – $2.52/g, down 7.6 cents per gallon from last week’s $2.59/g.

“Millions hit the road for Thanksgiving, and while in some regions, like the Great Lakes, gas prices rose just in time for the trip, across most of the country prices remained largely stable or declined slightly, as the national average was near lowest level remains.” “This is what we have seen since 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy, in a press release. “Gasoline prices are expected to fall slightly in most areas in the coming weeks. Over 100,000 gas stations are now offering a gallon for $2.99 ​​or less, which is expected to continue through the holiday shopping season. While the possible impact of the tariffs can be observed, it would not be felt until the end of January if they were implemented at all. This week all eyes will be on the previously postponed OPEC+ meeting on Thursday. If they start restarting oil production, oil prices could fall to the mid-$60s.”

GasBuddy is the authoritative voice on gas prices and the only source for station-level data. GasBuddy’s survey is updated 288 times daily from a variety of sources and covers nearly 150,000 gas stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy’s averages, graphs, maps and historical price data for the US and Canada are available here 24/7.

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