San Antonio gas prices dip below $2
The average price of gas in San Antonio has dipped below $2 for the first time in 2018.
The price for a gallon of regular gasoline fell 4 cents in the last week to $1.99 — 11 cents lower than a year ago, according to gas-price tracker GasBuddy. The national average fell 3 cents to $2.41 a gallon, and is down 4 cents year-over-year.
San Antonio gas prices have fallen 31 cents in the last month compared to a national drop of 28 cents.
Missouri appears to be the first state headed to a statewide average gas price below $2 a gallon said GasBuddy’s Head of Petroleum Analysis Patrick DeHaan. The average price in Texas was $2.06 Monday morning.
On Friday, the Organization for Petroleum Exporting Countries announced it would cut a combined 1.2 million barrels a day of crude oil production for six months. DeHaan said the reduction was smaller and for a shorter time period than he expected. While oil prices increased Friday DeHaan believes gas prices could continue to slide for another week.
Rye Druzin is a San Antonio-based staff writer covering Texas energy. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | firstname.lastname@example.org | Twitter: @druz_journo