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AAA Texas: Gas Prices Drop as Busy Summer Travel Season Nears

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
gas pump man aaa texas 12-9-21

The statewide gas price average in Texas is $3.12 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 11 cents less than on this day last week and is 76 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 $3.36 per gallon while drivers in McAllen are paying the least at $2.88 per gallon. The national average price for a gallon of regular unleaded is $3.57, which is seven cents less when compared to this day last week and 66 cents less than the price per gallon at this same time last year.

Crude oil prices continue to tumble as concerns of an economic slowdown persist along with the Federal Reserve raising interest rates again. Demand also dropped across the country while regional fuel supplies increased. The outlook for travel remains strong, so market watchers will be waiting to see how those predictions may influence prices at the pump in the coming weeks. Memorial Day is the official kickoff to summer driving season. Historically gas prices increase at the beginning of summer and recede as autumn approaches.

“If crude oil prices keep falling, retail gas prices will likely follow,” said AAA Texas spokesperson Daniel Armbruster. “However, we’ll have to wait and see how much impact cheaper crude could have as the unofficial kickoff to summer, Memorial Day, is right around the corner and travel demand outlooks appear to be very strong.”

Drivers in Texas are paying the second lowest gas price average in the country, according to gasprices.aaa.com. Meanwhile, drivers in California are paying the most at $4.85 on average for a gallon of regular unleaded.

tx gas chart_05_04_2023

 

TX LOWEST 5_ 05_04_2023

 

TX HIGHEST 5_ 5_04_2023

 

Top10NATLLowestAvg_05_04_23

 

Top10natlHIGHEST_ 05_04_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).