The statewide gas price average in Texas is $2.76 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent more than on this day last week and is 94 cents more 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 $3.10 while drivers in Amarillo are paying the least at $2.64 per gallon. The national average price for a gallon of regular unleaded is $3.07, which is the same price when compared to this day last week and 97 cents more than the price per gallon at this same time last year.
According to the latest data from the Energy Information Administration for the week ending June 11, the U.S. gasoline demand number jumped back above nine million barrels a day – hitting just below 9.4 million barrels per day. Regional fuel supplies decreased slightly, and Gulf Coast refinery utilization registered flat from the week prior. As demand for gasoline rises, crude oil prices have also been on the increase, which has contributed to more expensive pump prices. Market analyst are keeping a close eye on global supply and demand levels. They are especially eager to see if the Organization of the Petroleum Exporting Countries (OPEC), and its allies including Russia, follow through with production increases next month. OPEC’s move could help put downward pressure on crude oil prices and, in turn, push gas prices less expensive. However, motorists likely would not see any impact at the pump until mid-to-late July.
“As millions of Texans get ready to embark on summer road trips, they’ll be paying nearly one dollar more for a gallon of gasoline when compared to last summer,” said AAA Texas spokesperson Daniel Armbruster. “Motorists can reduce fuel costs by driving the speed limit and accelerating smoothly with light to moderate throttle.”
Drivers in Texas are paying some of the cheapest gas prices in the U.S., ranking 4th lowest in the country, according to gasprices.aaa.com.
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.