The statewide gas price average in Texas is $3.07 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents more than from this day last week and is $1.27 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 $3.36 per gallon while drivers in Amarillo are paying the least at $2.91 per gallon. The national average price for a gallon of regular unleaded is $3.41, which is one cent more when compared to this day last week and $1.29 more than the price per gallon at this same time last year.
According to the latest data from the Energy Information Administration for the week ending October 29, the U.S. gasoline demand number increased week-to-week by around two percent and remains elevated from this time last year as well as in 2019. Weekly regional fuel supply numbers increased slightly, and Gulf Coast refinery utilization registered up from the week prior. News that Iranian oil, which has not been sold globally in large quantities since 2018, may return to the world market coupled with an OPEC+ meeting today (November 4), has increased market volatility, but are slowing pump price increases, at least for now. Crude oil prices increased overnight in early trading but have been fluctuating throughout the week.
“The Thanksgiving travel period is fewer than three weeks away, and Texas drivers are paying, on average, $1.27 more for a gallon of regular unleaded gasoline from this time last year,” said AAA Texas spokesperson Daniel Armbruster. However, higher fuel prices are not expected to deter travelers from driving to their holiday destination.”
Drivers in Texas are paying the 3rd lowest gas price average in the country, according to gasprices.aaa.com.
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.