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AAA Texas: Crude Oil Prices Above $80/barrel, Rising Demand Increases Statewide Fuel Price Average

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
tx gas report_winter gas pump

The statewide gas price average in Texas is $3.13 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 14 cents more than on this day last week and is 13 cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $3.39 per gallon while drivers in Houston and Beaumont are paying the least at $3.08 per gallon. The national average price for a gallon of regular unleaded is $3.50, which is 12 cents more when compared to this day last week and 16 cents more than the price per gallon at this same time last year.

Fuel price averages around the state made gains as crude oil prices remain north of $80 a barrel and U.S. demand increased from the prior week. Still in the background of the oil markets is the war with Russia and Ukraine keeping the supply picture unclear. On the demand side of the equation, market watchers are still wondering about the impact the inflation and higher interest rates may have on the energy industry. Also weighing on the markets is the question of China’s reported relaxing of COVID-19 restrictions and its potential impact that it may have on fuel demand.

“Volatility remains front-and-center in the energy markets, but overall, there has been upward pressure on fuel prices,” said AAA Texas spokesperson Daniel Armbruster. “To get the best fuel economy, it’s important to remember to drive within posted speed limits, keep your vehicle well-maintained and use an app – such as the AAA mobile app – to see how much stations are charging in your area.”

Drivers in Texas are paying the lowest gas price average in the country, according to gasprices.aaa.com. Meanwhile drivers in Hawaii are paying the most at $4.94 on average for a gallon of regular unleaded.

tx gas chart_01_26_23

 

TX LOWEST 5_ 01_27_23

 

TX HIGHEST 5_ 01_27_23

 

Top10NATLLowestAvg_01_26_23

 

Top10natlHIGHEST_ 01_26_23

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.

Media Contacts

Daniel Armbruster
Public Affairs , (Dallas)
512-564-3141
armbruster.daniel@ace.aaa.com

CST 1016202-80 Copyright © AAA Texas, LLC. All Rights Reserved.
AAA Texas is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the state of Texas (with the exception of Texarkana).