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AAA Texas: Statewide Pump Price Tumbles to Five-Month Low; Sherman-Denison has Cheapest Gas Average in U.S.

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
Circle GFX TX WGW 11 05 2020

The statewide gas price average in Texas is $1.79 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is five cents less than on this day last week and is 46 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Odessa are paying the most on average at $2.02 while drivers in Sherman-Denison are paying the least at $1.62 per gallon. The Sherman-Denison area also has the lowest gas price average of any metro area surveyed by AAA across the U.S. this week. The national average price for a gallon of regular unleaded is $2.12, which is three cents less when compared to this day last week and 49 cents less than the price per gallon at this same time last year.

The Texas statewide average price at the pump for a gallon of regular unleaded dropped to its lowest level since early June on Thursday. Furthermore, drivers in the Lone Star State have been paying below $2 a gallon for regular unleaded on average for 237 days, according to historical data from gasprices.aaa.com. COVID-19 concerns continue to keep gasoline demand levels well below last year, which has been driving pump prices lower from this time last year. Also, last week, the price for a barrel of crude oil fell to its lowest level since June – hitting $35. Crude prices have since rebounded slightly, but still trading cheaper than from this time last year and that could drive the price for gasoline down further.

“The statewide average price for a gallon of regular unleaded has fallen to its lowest level in more than five months,” said AAA Texas spokesperson Daniel Armbruster. “Road trips will be the main mode of travel this fall, but thus far demand for gasoline remains well below 2019 levels due to COVID-19 concerns.”

Drivers in Texas are paying some of the cheapest prices at the pump, ranking 2nd lowest in the country, according to gasprices.aaa.com.

tx gas chart 11_05_2020

 

TX Top five_11_05_2020

 

Top10NATLLowestAvg_11_05_2020

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 at www.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 at AAA.com/Repair. AAA Texas branch offices throughout the state can be found by visiting www.AAA.com. Follow AAA Texas on Twitter: @AAATexas and Facebook: www.facebook.com/AAATexas.

Media Contacts

Daniel Armbruster
Media & Corporate Spokesperson , AAA Texas
512-564-3141
armbruster.daniel@aaa-texas.com
Joshua Zuber
Media Spokesperson , AAA Texas (Houston)
713-533-2946
zuber.joshua@aaa-texas.com
CST 1016202-80 Copyright © AAA Texas, LLC. All Rights Reserved.
AAA Texas is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the state of Texas (with the exception of Texarkana).