The statewide gas price average in Texas is $2.73 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 21 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 $2.97 per gallon while drivers in McAllen are paying the least at $2.41 per gallon. The national average price for a gallon of regular unleaded is $3.11, which is one cent less when compared to this day last week and 28 cents less per gallon when compared to this day last year.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.45 b/d last week to 8.87. Total domestic gasoline supply decreased from 248.3 million barrels to 246.8. Gasoline production increased last week, averaging 9.6 million barrels per day. Some drivers could see fluctuations at the pump due to markets and retailers reacting to news of tariffs and the transition to summer-blend gasoline which is more expensive to produce.
