AAA Texas: Gas Prices Fall Again Despite Market Concerns and Geopolitical Tensions

Coppell, TX
Gas Pump Dallas TX dont top off

The statewide gas price average in Texas is $2.58 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is five cents less than this day last week and is 35 cents more 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 $3.06 while drivers in Sherman-Denison are paying the least at $2.44 per gallon. The national average price for a gallon of regular unleaded is $2.84, which is three cents less than this day last week and 38 cents more than the price per gallon at this same time last year.

Reduced refinery operations, due to peak maintenance season, have contributed to stable gasoline inventories amid lower demand, which is a contributing factor driving gas prices down. Gas prices have also dropped despite some market uncertainty looking ahead to possible geopolitical issues, specifically the Iranian sanctions expected to take effect in November. 

“Motorists are paying less at the pump week-to-week yet again across Texas,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson. “For the next couple of weeks, market analysts suggest drivers can anticipate prices at the pump to fall, but there are concerns that Iranian sanctions could cause prices to reverse course once sanctions take effect in November.”

Gas prices continue to decline across South and Southeast region of the U.S. this week. Influencing part of the cheaper prices is that all Colonial pipeline and terminal operations in the Southeast and Mid-Atlantic have returned to normal following Hurricane Michael.

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. Find additional news from AAA Texas in our online newsroom at http://tx-aaa.iprsoftware.com/.

 

Area

10/25/2018

Week Ago

Week Ago Difference

Year Ago

Year Ago Difference

Date

Record Price

National

$2.84

$2.87

-0.03

$2.46

+0.38

07/17/08

$4.11

Texas

$2.58

$2.63

-0.05

$2.23

+0.35

07/17/08

$3.98

Abilene

$2.74

$2.77

-0.03

$2.20

+0.54

   

Amarillo

$2.51

$2.56

-0.05

$2.23

+0.28

07/15/08

$4.01

Austin-San Marcos

$2.58

$2.62

-0.04

$2.26

+0.32

07/17/08

$3.97

Beaumont-Port Arthur

$2.58

$2.63

-0.05

$2.24

+0.34

07/16/08

$4.00

Brownsville-Harlingen

$2.48

$2.53

-0.05

$2.19

+0.29

   

College Station-Bryan

$2.62

$2.67

-0.05

$2.27

+0.35

   

Corpus Christi

$2.53

$2.56

-0.03

$2.18

+0.35

07/15/08

$3.96

Dallas

$2.57

$2.63

-0.06

$2.16

+0.41

07/16/08

$3.98

El Paso

$2.73

$2.78

-0.05

$2.36

+0.37

07/17/08

$3.97

Fort Worth-Arlington

$2.55

$2.61

-0.06

$2.17

+0.38

07/16/08

$3.97

Galveston-Texas City

$2.57

$2.61

-0.04

$2.23

+0.34

07/14/08

$3.97

Houston

$2.56

$2.60

-0.04

$2.23

+0.33

07/17/08

$3.96

Killeen-Temple-Fort Hood

$2.55

$2.61

-0.06

$2.19

+0.36

   

Laredo

$2.52

$2.58

-0.06

$2.17

+0.35

   

Longview

$2.59

$2.63

-0.04

$2.23

+0.36

   

Lubbock

$2.57

$2.62

-0.05

$2.21

+0.36

   

McAllen

$2.49

$2.54

-0.05

$2.16

+0.33

   

Midland

$3.06

$3.11

-0.05

$2.44

+0.62

   

Odessa

$3.02

$3.05

-0.03

$2.45

+0.57

   

San Angelo

$2.52

$2.58

-0.06

$2.20

+0.32

   

San Antonio

$2.50

$2.56

-0.06

$2.16

+0.34

07/16/08

$3.96

Sherman-Denison

$2.44

$2.53

-0.09

$2.14

+0.30

   

Texarkana

$2.52

$2.57

-0.05

$2.20

+0.32

07/16/08

$3.98

Tyler

$2.52

$2.58

-0.06

$2.16

+0.36

   

Victoria

$2.54

$2.60

-0.06

$2.24

+0.30

   

Waco

$2.54

$2.61

-0.07

$2.22

+0.32

   

Wichita Falls

$2.57

$2.62

-0.05

$2.21

+0.36

   

Media Contacts

Daniel Armbruster
469-221-8217
armbruster.daniel@aaa-texas.com
Joshua Zuber
AAA Texas

713-533-2946
zuber.joshua@aaa-texas.com