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Dallas, TX
Wednesday, October 5, 2022
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Gas Prices Trend Downward in DFW

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Non-specific man at a gas pump. | Image by Iryna Melnyk, Getty Images

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Lenny Masters was a bit surprised when the gas pump handle clicked Sunday afternoon, and the display showed a total of $44 and change. 

“Normally, it’s $50 or more,” he said after filling up his Audi. “Prices are falling; even a few dollars savings helps.”

A few steps from Masters, Pat Brooks topped off her Nissan Altima’s tank, putting in $35.84 of regular unleaded at $3.62 a gallon. “It’s still too much, but better than it was a month ago,” Brooks told The Dallas Express.

Like Masters and Brooks, North Texas motorists are glad gas prices are inching down. The half dozen motorist interviewed by The Dallas Express at an Exxon gas station off Spring Valley Road in North Dallas all agreed that falling gas prices are a welcome sight. Still, they expressed frustration with price increases on daily staples from peanut butter to toilet paper.

“I saved $12 a visit,” said Miguel Sandavol after filling his Escalade. However, the father of three said $12 is “chump change” compared to the hikes in his Kroger bill.

On Sunday, Gasbuddy.com reported the cheapest place in the Dallas-Fort Worth Metroplex for regular unleaded was Sam’s Club in Fort Worth at $3.31. The highest was well above $4 per gallon, $4.21 at a Texaco in Carrolton. The average for a gallon of regular unleaded in the Dallas area Sunday was $3.61, compared to the national average of $4.18.

Last month, Gasbuddy.com reported that the average price in Dallas was $4.53 per gallon of unleaded. Nationwide, the average was a wallet-strangling $4.85.

The price decreases come even as crude production remains tight. September 2022 futures of WTI, the U.S. benchmark, sat at $98.62 on Sunday, down from a March 2022 high of more than $120 a barrel. 

The U.S. Energy Information Administration reported that crude inventory sat at 422 million barrels last week, down 4.5 million from the week before. By comparison, this time last year, inventory sat at 435.6 million barrels.

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rob smalley
rob smalley
2 months ago

Don’t be deceived by prices falling. Gas before Biden took office was at $2.21 a gallon.

ed lopez
ed lopez
Reply to  rob smalley
2 months ago

Biden got blamed for prices going up who gets credit for prices going down ?

Tengu
Tengu
Reply to  ed lopez
1 month ago

No one, since he used reserves to do this right before mid terms. And add to that, Biden is selling off our natural gas to foreign entities.

caseyp
caseyp
2 months ago

For the past two years Biden’s administration has been saying that there is nothing they can do to bring gas prices down. Now that it’s getting closer to the election and Democrats realize that they are in BIG trouble they are taking credit for prices going down. I saw an analogy, raising gas prices to over $5.00 per gallon then giving you $0.50 back is like cutting off your arm and giving you a finger back.

caseyp
caseyp
2 months ago

I wonder why my comment on this article was rejected. It had no violence, profanity or innuendos of any kind. It only stated the truth about gas prices. Dallas Express is awful. They should hire somebody who isn’t offended easily.