The statewide gas price average in Texas is $2.77 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is three cents more compared to this day last week and is 13 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in the El Paso area are paying the most on average at $2.96 per gallon while drivers in Wichita Falls, Victoria and Tyler are paying the least at $2.64 per gallon. The national average price for a gallon of regular unleaded is $3.16, which is the same price when compared to this day last week and 12 cents less per gallon when compared to this day last year.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.57 million b/d last week to 8.23. Total domestic gasoline supply dropped from 248.1 million barrels to 247.9. Gasoline production also decreased last week, averaging 9.2 million barrels per day.
