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 the same as on this day last week and is 10 cents less 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 $2.83 per gallon while drivers in Lubbock are paying the least at $2.49 per gallon. The national average price for a gallon of regular unleaded is $3.08, which is three cents less when compared to this day last week and 27 cents less per gallon when compared to this day last year.
AAA is monitoring soon to be Tropical Storm Sara as it develops in the Caribbean. There is currently no threat to oil and gas operations in the Gulf. However, this may change as the storm tracks northward.
According to this week’s report from the Energy Information Administration, gasoline demand has decreased, while supply levels have risen. Additionally, crude oil prices have softened, with West Texas Intermediate crude trading at $68 per barrel, down $1 from last week. Crude oil remains the primary ingredient in gasoline production.
“Our data shows that Texans are seeing steady and relatively low gas prices, with the state average at $2.69 per gallon, which is even lower than this time last year,” said Daniel Armbruster, AAA Texas spokesperson. “While we’re monitoring tropical activity as it develops in the Caribbean, there’s currently no threat to Gulf oil and gas operations. Additionally, with demand for gasoline dropping and supply on the rise, along with softer crude oil prices, we expect Texans to benefit from these stable conditions at the pump for now.”
