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AAA Texas: Week-to-Week Statewide Price Average Up a Penny as Supplies Grow, Demand Drops

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
Gas Pump Dallas TX dont top off

The statewide gas price average in Texas is $2.13 for a gallon of 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 five 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 $2.31 while drivers in the Sherman-Denison area are paying the least at $2.01 per gallon. The national average price for a gallon of regular unleaded is $2.42, which is two cents more when compared to this day last week and nine cents less than the price per gallon at this same time last year.

Drivers in Texas continue to see gas prices increase even as demand for gasoline fell across the country and regional supplies grew, according to data from the Energy Information Administration. Increasing crude oil prices compared to the beginning of the year continue to keep retail gas prices elevated to March 2020 levels. Oil prices have been increasing due to optimism surrounding COVID-19 vaccines and the market’s hopes of renewing demand later this year. An additional factor contributing to crude price increases is a production cut by OPEC+ led by Saudi Arabia.

“Even as demand for retail gasoline remains relatively low when compared to this time last year, pump prices across Texas inched up week-to-week,” said AAA Texas spokesperson Daniel Armbruster. “With the hope of increasing demand for gasoline later this year due to the recent rollout of COVID-19 vaccines and production cuts by OPEC+, crude oil prices are holding steady above $50 per barrel. Crude oil makes up approximately 55 to 60 percent of the total cost drivers pay at the pump for gas.”

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 01_28_2021

 

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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).