The price of gasoline in San Antonio continues to fall through the floor, a result of the combination of robust domestic oil production, and the fact that the sanctions against Iran contain so many exemptions that much Iranian oil is still making it into the marketplace, News Radio 1200 WOAI reports.
The San Antonio average price today of $2.29 is down more than 25 cents from the price we were paying in September, and is almost as low as it was at this time last year.
It is not uncommon to see stations selling regular gasoline for less than $2.20.“Many Texans are likely thankful as gas prices continue to fall heading into the Thanksgiving holiday week, when nearly four million Texans are expected to travel 50 miles or more away from home by automobile, said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson. “Regular unleaded retail gas prices are six cents more per gallon, on average, compared to this time last year in Texas.”
San Antonio has fallen out of the list of the lowest prices for gas in the state, a distinction which falls to Sherman, where the average price today is $2.16.
Gasoline prices are expected to keep falling, barring any major international incidents, until mid to late January.