Fuel prices

Fri
30
Nov

Plummeting fuel prices free up consumer dollars

Connie Swinney/The Highlander
Fuel prices have taken a dive the last two months around the country, including several fueling stations in Marble Falls. Since September, the average cost of crude oil has dropped from about $80 to under $60 per barrel.

 

 

 

 

By Connie Swinney
Staff Writer

When Frank Hosea noticed the fuel sign at the Walmart gas station, he did not hesitate to stop.

“I usually come here for gas because it's always the cheapest. Now it's under $2,” he said. “It's really good. It doesn't cost me $50 to fill it up.”

The Horseshoe Bay resident was among motorists in line Nov. 27 to buy gasoline at the Murphy USA fueling station.

In the past week, Market observers have noticed the same scenarios around the country as fuel prices have dropped a weekly average of a few pennies per gallon to as much as 11 cents less per gallon, depending on the state.

As of Nov. 28, crude oil averaged about $59 per barrel compared to about $80 per barrel three months ago.

According to AAA Texas, the average price per gallon is $2.19 per gallon.

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