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Brownwood Oil & Gas Report

December 7, 2009 at 6:24 pm brownwoodnewsstaff
  • Gas Price Report
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gasprices8_16_09Oil prices are showing a little weakness in recent days as the dollar has shown some strength.

Crude oil prices dropped to $75.47 midday Monday to its lowest point in a while which could effect prices at the pump if only slightly.

GasBuddy.com is showing that the cost of gasoline has stabilized with an average price for regular unleaded being $2.484 in Texas which is about a penny drop from one month ago.

Prices in the Brownwood area average out close to the same number as of Monday with the low price being $2.42 per gallon and $2.59 per gallon on the high side for regular unleaded.

If the dollar can continue to show some strength, some analysts believe that oil could drop below $70 again by the end of the year.  Only time will tell.


Tags: Brownwood, news, Oil and gas, texas
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