AAA Texas: Gas Prices Rise as Crude Oil Prices Jump Amid Global Supply Concerns

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
gas pumps lower tricolor horizontal

The statewide gas price average in Texas is $2.62 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents more than this day last week and is 18 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 $3.04 while drivers in San Antonio are paying the least at $2.54 per gallon. The national average price for a gallon of regular unleaded is $2.87, which is three cents more compared to this day last week and 30 cents more than the price per gallon at this same time last year.

Crude Oil prices have been on an upward trend recently amid concerns that the United States will not release supplies from the Strategic Petroleum Reserve (SPR) to meet global demand following sanctions against Iran. This is causing gas prices to rise slightly during a time of year when they’ve historically dropped.

“This is a time of year when Texans normally see gas prices fall, but concerns about global supply and demand are causing oil prices to increase along with retail gas prices,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson. “Drivers looking to save at the pump can download the AAA Mobile App for free to find the cheapest gas near them.”

Gas prices in the south and southeast were dropping with demand. However gasoline inventories for the region are at a four week low. If oil prices continue rising market analysts state that gas prices could follow the same trend through the end of this year.

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

09/27/2018

Week Ago

Week Ago Difference

Year Ago

Year Ago Difference

Date

Record Price

National

$2.87

$2.84

+0.03

$2.57

+0.30

07/17/08

$4.11

Texas

$2.62

$2.60

+0.02

$2.44

+0.18

07/17/08

$3.98

Abilene

$2.68

$2.69

-0.01

$2.41

+0.27

   

Amarillo

$2.64

$2.58

+0.06

$2.33

+0.31

07/15/08

$4.01

Austin-San Marcos

$2.60

$2.59

+0.01

$2.48

+0.12

07/17/08

$3.97

Beaumont-Port Arthur

$2.61

$2.59

+0.02

$2.39

+0.22

07/16/08

$4.00

Brownsville-Harlingen

$2.59

$2.55

+0.04

$2.43

+0.16

   

College Station-Bryan

$2.63

$2.62

+0.01

$2.46

+0.17

   

Corpus Christi

$2.60

$2.57

+0.03

$2.40

+0.20

07/15/08

$3.96

Dallas

$2.66

$2.60

+0.06

$2.43

+0.23

07/16/08

$3.98

El Paso

$2.68

$2.64

+0.04

$2.49

+0.19

07/17/08

$3.97

Fort Worth-Arlington

$2.65

$2.58

+0.07

$2.44

+0.21

07/16/08

$3.97

Galveston-Texas City

$2.56

$2.56

0

$2.43

+0.13

07/14/08

$3.97

Houston

$2.56

$2.56

0

$2.43

+0.13

07/17/08

$3.96

Killeen-Temple-Fort Hood

$2.60

$2.58

+0.02

$2.43

+0.17

   

Laredo

$2.59

$2.55

+0.04

$2.48

+0.11

   

Longview

$2.62

$2.59

+0.03

$2.41

+0.21

   

Lubbock

$2.63

$2.56

+0.07

$2.35

+0.28

   

McAllen

$2.58

$2.55

+0.03

$2.42

+0.16

   

Midland

$3.04

$3.04

0

$2.57

+0.47

   

Odessa

$2.97

$2.97

0

$2.55

+0.42

   

San Angelo

$2.57

$2.55

+0.02

$2.48

+0.09

   

San Antonio

$2.54

$2.52

+0.02

$2.44

+0.10

07/16/08

$3.96

Sherman-Denison

$2.60

$2.58

+0.02

$2.41

+0.19

   

Texarkana

$2.55

$2.52

+0.03

$2.39

+0.16

07/16/08

$3.98

Tyler

$2.57

$2.55

+0.02

$2.39

+0.18

   

Victoria

$2.59

$2.56

+0.03

$2.41

+0.18

   

Waco

$2.59

$2.56

+0.03

$2.43

+0.16

   

Wichita Falls

$2.61

$2.58

+0.03

$2.40

+0.21

   

 

 

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Media Contacts

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

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