Midland Gas Prices Drop 23.7 Cents, Still Up Sharply
Fleet and delivery operators in the Midland-Odessa market face fuel costs that eased this week but remain well above last year.
Updated on Nov. 2, 2026 in Oil and Gas
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Midland-Odessa gasoline prices fell 23.7 cents per gallon over the past week to an average of $3.52 per gallon, according to a GasBuddy survey of 156 stations. The drop follows a Sunday oil selloff of nearly $2, with WTI at $102.15 per barrel and Brent at $111.52.
Why it matters
Refinery maintenance is wrapping up and seasonal demand is fading with cooler weather, which is pulling wholesale fuel costs lower for regional fleets and delivery operators. Crude prices remain elevated and geopolitical risk around the Strait of Hormuz and Russian refinery strikes keeps the outlook uncertain.
Midland-Odessa's $3.52 average is 92.3 cents above a year ago and 53.0 cents below a month ago, while the Texas range ran from $3.09 to $5.59 per gallon Sunday. The national average gasoline price stands at $4.12/g and diesel at $6.281/g.
The players
GasBuddy
GasBuddy is a consumer fuel-price app and data provider that surveys retail gasoline stations across the United States.
Strait of Hormuz
The Strait of Hormuz is a critical Persian Gulf shipping chokepoint through which a large share of global seaborne oil passes.
The details
Gasoline prices fell in nearly every state over the past week while diesel declined in most, with the Midland-Odessa market tracking the broader drop. Refinery maintenance is ending just as seasonal demand softens, easing supply pressure on wholesale fuel. Sunday's oil selloff, with WTI down nearly $2, fed into retail pricing, but crude still sits near $100 per barrel, so retail relief has limits. Local station prices ranged from $3.34 to $4.29 per gallon Sunday, a spread operators should expect when comparing suppliers.
Timeline
November 2, 2024: Midland-Odessa gasoline averaged $2.49/g, the year-earlier comparison point.
November 2, 2026: Midland-Odessa gasoline averaged $3.52/g Monday, following the 23.7-cent weekly decline.
Market Landscape
The Midland-Odessa market is still priced well above its year-earlier level, with GasBuddy's series showing a 92.3-cent annual increase despite this week's decline. Crude benchmarks near $100 per barrel mean the current retreat is a pullback within an elevated price cycle, not a return to prior-year levels.
Fleet and delivery operators should budget for fuel costs that remain well above last year's levels even as weekly prices ease. Procurement teams should compare supplier pricing across the Midland-Odessa station range, which spans $3.34 to $4.29 per gallon.
The takeaway
Operators should treat this week's decline as a short-term move, since crude near $100 per barrel and open geopolitical risk could reverse it quickly. Track Strait of Hormuz developments and the post-election outlook before locking in fuel contracts.
Further reading
For broader context on fuel markets, see the Oil and Gas coverage.
Source note: This article includes information reported by Odessa American.
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