The statewide gas price average in Texas is $1.82 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents more than on this day last week and is 56 cents less 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 $1.94 while drivers in the Sherman-Denison area are paying the least at $1.71 per gallon. The national average price for a gallon of regular unleaded is $2.11, which is three cents more compared to this day last week and 57 cents less than the price per gallon at this same time last year.
Drivers are paying more at the pump as the volume of gasoline consumption around the country continues to rise. However, market analysts do not expect prices to spike to typical summer levels. That’s because demand won’t likely be sufficient enough to drive down stock levels.
“Motorists are paying higher prices at the pump as more drivers return to the roadways,” said AAA Texas spokesperson Daniel Armbruster. “And while Texas drivers are paying a little more at the pump this week, Texas ranks 5th in the country among states with the lowest gas price averages.”
This week, four Texas cities made the top 10 list for U.S. metro areas with the lowest gas price averages. Those Texas cities with the lowest averages in the country include Sherman-Denison (1st), Amarillo (2nd), Lubbock (4th), Tyler (9th).
Regionally, gasoline stocks built by only 100,000 barrels, to 91.7 million barrels. Refinery utilization rates were reported by the Energy Information Administration (EIA) at nearly 78%, a slight 2% increase from the week prior. The minimal increases in stocks and refinery rates would typically mean smaller increases at the pump, especially with a utilization rate that is at its highest point in two months. Drivers could expect to see prices increase at a slower rate in the week ahead given these latest spikes.
Prices up to date at press time using market prices poste d 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/.