The statewide gas price average in Texas is $2.69 per gallon for 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 18 cents less 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 $2.96 per gallon while drivers in Abilene are paying the least at $2.50 per gallon. The national average price for a gallon of regular unleaded is $3.11, which is two cents less when compared to this day last week and 30 cents less per gallon when compared to this day last year.
According to the Energy Information Administration, supply of refined gasoline stocks increased week-to-week while demand for fuel decreased on the week. Crude oil, the main ingredient in gasoline, is down seven percent compared to this time last year. West Texas Intermediate was trading at $69 per barrel at the time of this release.
“Texans are paying some of the lowest gas prices in the country again this week," said Daniel Armbruster, AAA Texas spokesperson. “Texas has the third lowest gas price average in the U.S.”
