AAA Texas: 2018 Kicks-off with Most Expensive National Gas Prices Since 2014

Gas Prices, Weekly Fuel Prices Report
hand at gas pump

(Coppell, TX) – The statewide gas price average in Texas is now $2.24 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is three cents more than last week and is eight cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.50, while drivers in San Antonio are paying the least at $2.17 per gallon. The national average price for a gallon of regular unleaded is $2.49, which is three cents more than this day last week and 13 cents more than the price per gallon at this same time last year.

At $2.49, the national gas price average is the most expensive seen at the start of a new year since 2014, when gas prices were more than $3/gallon. High travel volumes over the holidays drove gas prices up. At the start of 2018, motorists in the Northeast, South and the upper Midwest are seeing pump prices as much as 13 cents more expensive than one week ago.

Almost every metropolitan area surveyed across Texas saw gas price averages increase over last week. The Sherman-Denison area saw the largest increase on the week, with regular unleaded prices going up by an average of seven cents per gallon. The only metropolitan surveyed in Texas to see a decrease was the El Paso area, where the average price dropped two cents per gallon on the week. Midland, Odessa, Laredo and Victoria saw no change from last week.

When comparing this week’s average price for a gallon of regular unleaded to the same date in 2017, Dallas ranks the closest of any area surveyed in Texas. Drivers in Dallas are paying on average one cent more per gallon than they did on this day one year ago. Meanwhile, drivers in some markets are still paying much higher than at this time last year. The price for a gallon of regular unleaded in Midland remains 31 cents above the January 4, 2017 average.

“Now that the holidays are behind us, market analysts anticipate demand for retail gasoline to drop in the coming days which could send prices down this month,” said Daniel Armbruster, AAA Texas/AAA New Mexico Senior Public Affairs specialist. “Drivers looking to save on fuel costs in the new year may consider purchasing a more fuel-efficient vehicle. The AAA Green Car Guide offers ratings of electric, hybrid, compressed natural gas‐powered (CNG), diesel and other high fuel economy vehicles.”

Gas prices in the South and Southeast remain among the cheapest in the country even with pump prices jumping in every state on the week except New Mexico (-1 cent).

Prices up to date at press time using market prices posted at 3:41 a.m. Motorists can find current gas prices along their route with the free and revamped AAA App for iPhone, iPad and Android. The app can also be used to map a route and learn traffic conditions along that route, find discounts, locate parking, book a hotel and request and track AAA roadside assistance. Learn more at www.AAA.com/mobile.

To help members and non-members identify quality auto repair shops that can assist in the maintenance and repair of their vehicles, AAA offers the Approved Auto Repair program as a free public service. AAA-approved repair facilities meet and maintain high professional standards for training, equipment, cleanliness and customer service. Motorists can look for the Approved Auto Repair sign, at local auto repair facilities, or search for a nearby AAA-approved shop online at AAA.com/Repair. AAA Texas branch offices throughout the state can be found by visiting www.AAA.com. Follow AAA Texas on Twitter: @AAATexas and Facebook: www.facebook.com/AAATexas. Find additional news from AAA Texas in our online newsroom at http://tx-aaa.iprsoftware.com/.

 

Area

01/04/18

Week Ago

Difference

Year Ago

Difference

Date

Record Price

National

$2.49

$2.46

+0.03

$2.36

+0.13

07/17/08

$4.11

Texas

$2.24

$2.21

+0.03

$2.16

+0.08

07/17/08

$3.98

Abilene

$2.25

$2.21

+0.04

$2.18

+0.07

 

 

Amarillo

$2.24

$2.19

+0.05

$2.15

+0.09

07/15/08

$4.01

Austin-San Marcos

$2.23

$2.18

+0.05

$2.13

+0.10

07/17/08

$3.97

Beaumont-Port Arthur

$2.22

$2.19

+0.03

$2.13

+0.09

07/16/08

$4.00

Brownsville-Harlingen

$2.22

$2.19

+0.03

$2.16

+0.06

 

 

College Station-Bryan

$2.28

$2.25

+0.03

$2.17

+0.11

 

 

Corpus Christi

$2.24

$2.22

+0.02

$2.15

+0.09

07/15/08

$3.96

Dallas

$2.22

$2.21

+0.01

$2.21

+0.01

07/16/08

$3.98

El Paso

$2.27

$2.29

-0.02

$2.09

+0.18

07/17/08

$3.97

Fort Worth-Arlington

$2.22

$2.20

+0.02

$2.20

+0.02

07/16/08

$3.97

Galveston-Texas City

$2.24

$2.21

+0.03

$2.15

+0.09

07/14/08

$3.97

Houston

$2.23

$2.20

+0.03

$2.15

+0.08

07/17/08

$3.96

Killeen-Temple-Fort Hood

$2.21

$2.16

+0.05

$2.13

+0.08

 

 

Laredo

$2.26

$2.26

0.00

$2.17

+0.09

 

 

Longview

$2.28

$2.26

+0.02

$2.19

+0.09

 

 

Lubbock

$2.24

$2.21

+0.03

$2.09

+0.15

 

 

McAllen

$2.23

$2.19

+0.04

$2.15

+0.08

 

 

Midland

$2.50

$2.50

0.00

$2.19

+0.31

 

 

Odessa

$2.46

$2.46

0.00

$2.16

+0.30

 

 

San Angelo

$2.28

$2.23

+0.05

$2.16

+0.12

 

 

San Antonio

$2.17

$2.11

+0.06

$2.10

+0.07

07/16/08

$3.96

Sherman-Denison

$2.20

$2.13

+0.07

$2.11

+0.09

 

 

Texarkana

$2.24

$2.21

+0.03

$2.18

+0.06

07/16/08

$3.98

Tyler

$2.26

$2.24

+0.02

$2.15

+0.11

 

 

Victoria

$2.24

$2.24

0.00

$2.14

+0.10

 

 

Waco

$2.22

$2.16

+0.06

$2.13

+0.09

 

 

Wichita Falls

$2.24

$2.20

+0.04

$2.14

+0.10

 

 

 

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