The statewide gas price average in Texas is $2.01 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is nine cents less than this day last week and is 25 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.22 while drivers in Sherman/Denison are paying the least at $1.88 per gallon. The national average price for a gallon of regular unleaded is $2.32, which is nine cents less compared to this day last week and 17 cents less than the price per gallon at this same time last year.
The Texas statewide gas price average has not been this low since mid-February 2019. A lack of agreement between Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut production and concerns about the coronavirus have caused crude oil prices to plunge, forcing retail gas prices to new 2020 lows.
“Texas gas prices are at their cheapest point in more than a year,” said AAA Texas spokesperson Joshua Zuber. “Gas prices usually increase in the spring due to an increase in demand and lower supply, but this year drivers could continue to see lower prices amid concerns over the coronavirus and impacts to global demand.”
Regional stock levels have steadily declined for several weeks. However, with crude oil prices making up 60 percent of what drivers pay at the pump, if they continue to remain lower, motorists will likely continue to see savings when filling up.
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 atwww.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 atAAA.com/Repair. AAA Texas branch offices throughout the state can be found by visitingwww.AAA.com. Follow AAA Texas on Twitter: @AAATexas and Facebook:www.facebook.com/AAATexas.Find additional news from AAA Texas in our online newsroom athttp://tx-aaa.iprsoftware.com/.