The statewide gas price average in Texas is $2.65 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 25 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 $2.85 per gallon while drivers in McAllen are paying the least at $2.43 per gallon. The national average price for a gallon of regular unleaded is $3.19, which is 14 cents less when compared to this day last week and 13 cents less than the price per gallon at this same time last year.
The statewide average fell for the ninth week in a row even as crude oil prices have increased. As crude oil prices rise, it’s possible decreasing pump prices could soon reverse direction. Factors that are pushing oil prices higher include the ongoing conflict with Russia and Ukraine, easing COVID-19 restrictions in China and a weakening U.S. dollar. In the meantime, relatively cheaper gas prices are good news for those 8.3 million Texans expected to drive to their year-end holiday destinations, according to AAA Texas.
“Falling gas prices may encourage even more people to travel to celebrate the year-end holidays,” said AAA Texas spokesperson Daniel Armbruster. “To ensure maximum savings and fuel economy, make sure your vehicle’s maintenance is up-to-date, shop around for the best gas prices by using the AAA mobile app and choose the correct grade of fuel required by your vehicle owner’s manual.”
Texas has the lowest gas price average in the country, according to gasprices.aaa.com. Meanwhile drivers in Hawaii are paying the most at $5.15 on average for a gallon of regular unleaded.