McAllen, TX News
Written by:
Stacker
June 17, 2024
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How gas prices have changed in McAllen in the last week
Gasoline has maintained its relatively low price this past week compared to the same time in 2023.
On average, prices at the pump are more than 10 cents lower than last summer, though analysts typically expect prices to heat up with summer travel demand. That hasn't happened this year as domestic gasoline supply has grown and demand has been lower.
"Market fundamentals look pretty good right now if you're a motorist," GasBuddy analyst Patrick De Haan said in a statement Monday.
Despite lower seasonal gas prices, consumer anxiety over higher prices after years of heightened inflation rages on; the overall inflation rate has sat stubbornly high compared to what Americans were used to pre-pandemic.
The Biden administration said it stands ready to release more oil from U.S. strategic reserves if gas prices were to spike over the summer ahead of the November election. It's one of the only levers the executive branch can pull to impact gas prices directly. The administration has used the Strategic Petroleum Reserve to increase supply in the U.S. in an attempt to push down prices several times, including in the aftermath of the Russian invasion of Ukraine, which pushed gas prices to historic highs.
Stacker compiled statistics on gas prices in McAllen-Edinburg-Mission, TX metro area using data from AAA. Gas prices are current as of June 17.
McAllen by the numbers
- Gas current price: $2.89
--- Texas average: $3.01
- Week change: +$0.06 (+2.0%)
- Year change: -$0.07 (-2.2%)
- Historical expensive gas price: $4.49 (6/10/22)
- Diesel current price: $3.24
- Week change: -$0.00 (-0.1%)
- Year change: +$0.04 (+1.2%)
- Historical expensive diesel price: $5.28 (5/11/22)
Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.25
#2. Napa, CA: $5.18
#3. San Luis Obispo-Atascadero-Paso Robles, CA: $5.11
Metros with the least expensive gas
#1. Henderson, KY: $2.77
#2. Lubbock, TX: $2.79
#3. Jonesboro, AR: $2.84
This story features writing by Dom DiFurio and is part of a series utilizing data automation across 371 metros.
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How gas prices have changed in McAllen in the last week
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