The statewide gas price average in Texas is $3.18 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent less than on this day last week and is 10 cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in the Dallas/Fort Worth metro area are paying the most on average at $3.34 per gallon while drivers in Lubbock are paying the least at $2.96 per gallon. The national average price for a gallon of regular unleaded is $3.61, which is one cent more when compared to this day last week and seven cents more per gallon when compared to this day last year.
Demand for gasoline saw a healthy week-to-week increase according to the latest data from the Energy Information Administration. Demand increased from 8.87 million barrels per day to 9.3 million barrels per day. Gas price fluctuations remain possible throughout the end of May with record travel volume expected in Texas for Memorial Day weekend. According to AAA, 3.6 million Texans will travel for Memorial Day, the most on record. 3.1 million are expected to drive, which will also set a new record. Click here to view the AAA Memorial Day travel forecast.
“3.1 million Texans are preparing to take a road trip this weekend, setting a new state record for Memorial Day travel volume,” said AAA Texas spokesperson, Daniel Armbruster. “Gas prices may fluctuate through the holiday weekend.”
