Home Economy Rising gas prices could point to a healthier economy

Rising gas prices could point to a healthier economy

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Gas prices in Midland and Odessa are averaging almost $3 a gallon. That’s well over a dollar more than where we were at this time last year.

MIDLAND, Texas — Get ready to pay more at the pump. That’s because AAA is reporting that gas prices across Texas are the highest that they have been in the last year. Texas is currently averaging $2.73 a gallon, which is still below the national average.

However, Midland and Odessa have seen their prices well over that average at $2.99 and $2.98 a gallon respectively. As with most things in the Permian Basin, those prices also revolve around the oil and gas industry.

In fact, if you want a glimpse of how the oil and gas industry is doing in west Texas, look no further than at the price of gasoline.

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