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AAA Texas: Gas Prices Continue Downward Trend

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
hand at gas pump

The statewide gas price average in Texas is $2.76 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is eight cents less when compared to this day last week and is 17 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 $2.97 per gallon while drivers in the McAllen metro area are paying the least at $2.55 per gallon. The national average price for a gallon of regular unleaded is $3.33, which is 14 cents less when compared to this day last week and one cent less than the price per gallon at this same time last year.

Texas has the lowest gas price average in the country again this week with the statewide average falling for the 8th week in a row. Crude oil prices have fluctuated over the last week, but remain below $80 per barrel. Retail gas prices continue to decrease on the news that OPEC+ decided not to change production output. While demand is slightly up across the U.S. this week, demand for crude oil globally is expected to rise soon as China announced easing of COVID-19 restrictions. China is the largest importer of oil in the world according to Oil Price Information Service.

“Texans continue to see savings at the pump as retail gasoline prices fall another eight cents per gallon on average week-to-week,” said AAA Texas spokesperson Daniel Armbruster. “Texas has the lowest gas price average in the country again this week with a gallon of regular unleaded going for around $2.76.”

According to gasprices.aaa.com, drivers in Hawaii are paying the highest retail fuel prices at $5.17 on average for a gallon of regular unleaded.

tx gas chart 12_08_2022

 

TX LOWEST 5_ 12_08_2022

 

TX HIGHEST 5_ 12_08_2022

 

Top10NATLLowestAvg_12_08_2022
Top10natlHIGHEST_12_08_2022

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).