The statewide gas price average in Texas is $1.80 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 11 cents less than this day last week and is 62 cents less 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 $2.00 while drivers in Sherman/Denison are paying the least at $1.50 per gallon. The national average price for a gallon of regular unleaded is $2.07, which is 13 cents less compared to this day last week and 58 cents less than the price per gallon at this same time last year.
As the price of crude oil drops to levels not seen since the early 2000s, gasoline prices are following suit. In Texas, the statewide average has not been $1.80 for a gallon of regular unleaded fuel since 2016. Crude oil is the biggest driver of the less expensive gas prices as it counts for nearly 60% of the price at the pump. Gas prices are dropping at a time of year when they normally increase as the weather warms up and motorists would typically head out to enjoy spring break.
Demand for both crude oil and retail gasoline continues to decrease as fewer drivers are out on the road, causing gas prices to drop to levels not seen in four years,” said AAA Texas spokesperson Daniel Armbruster. “The primary factors are concerns about coronavirus keeping people home plus Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers still have disagreements about future production figures.”
Motorists do not need to rush to the pumps to fill-up. Currently, there is ample U.S. gasoline supply and no disruption to distribution at gas stations.
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 visitingwww.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/.