Gasoline Demand Hits Lowest Level in Nearly Two Years; Prices Keep Falling in Most Cities

Coppell, TX Gas Prices, Monthly Fuel Prices Report, Weekly Fuel Prices Report
gas pumps lower tricolor horizontal

The statewide gas price average in Texas is $1.92 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent less than this day last week and is 34 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 $2.48 while drivers in Amarillo and Lubbock are paying the least at $1.82 per gallon. The national average price for a gallon of regular unleaded is $2.23, which is two cents less than this day last week and 28 cents less than the price per gallon at this same time last year.

Despite record motor vehicle travel for the year-end holiday period, demand for retail gasoline in the U.S. continued to decline, suggesting that demand this winter could be lower than expected. With demand at its lowest point since February 2017 and the fact that the global crude market continues to be oversupplied, retail gasoline prices continue falling. However, OPEC recently announced plans to tighten global supplies. The move is likely going to cause oil prices to increase this year and eventually retail gasoline prices will likely increase, as well.

 “Drivers in Texas continue to enjoy savings at the pump as demand for retail gasoline in the U.S. reaches an almost two-year low and the global crude market is oversupplied,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson. “Motorists can find the cheapest gas in their area by downloading the AAA Mobile App for free on their iPhone, iPad and Android. AAA Texas reminds drivers to never drive intoxicated or intexticated.”

Seven South and Southeast states are among the top 10 with cheapest gas prices in the country and include Arkansas, Oklahoma, Mississippi, Louisiana, South Carolina, Alabama and Texas.

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. Find additional news from AAA Texas in our online newsroom at http://tx-aaa.iprsoftware.com/.

Area

01/10/2019

Week Ago

Week Ago Difference

Year Ago

Year Ago Difference

Date

Record Price

National

$2.23

$2.25

-0.02

$2.51

-0.28

07/17/08

$4.11

Texas

$1.92

$1.93

-0.01

$2.26

-0.34

07/17/08

$3.98

Abilene

$1.88

$1.93

-0.05

$2.25

-0.37

   

Amarillo

$1.82

$1.80

+0.02

$2.27

-0.45

07/15/08

$4.01

Austin-San Marcos

$1.93

$1.97

-0.04

$2.24

-0.31

07/17/08

$3.97

Beaumont-Port Arthur

$1.90

$1.93

-0.03

$2.23

-0.33

07/16/08

$4.00

Brownsville-Harlingen

$1.88

$1.84

+0.04

$2.30

-0.42

   

College Station-Bryan

$1.95

$1.97

-0.02

$2.28

-0.33

   

Corpus Christi

$1.89

$1.86

+0.03

$2.23

-0.34

07/15/08

$3.96

Dallas

$1.92

$1.87

+0.05

$2.24

-0.32

07/16/08

$3.98

El Paso

$1.83

$1.89

-0.06

$2.30

-0.47

07/17/08

$3.97

Fort Worth-Arlington

$1.91

$1.86

+0.05

$2.24

-0.33

07/16/08

$3.97

Galveston-Texas City

$1.92

$1.94

-0.02

$2.26

-0.34

07/14/08

$3.97

Houston

$1.90

$1.92

-0.02

$2.25

-0.35

07/17/08

$3.96

Killeen-Temple-Fort Hood

$1.84

$1.87

-0.03

$2.22

-0.38

   

Laredo

$1.92

$1.95

-0.03

$2.30

-0.38

   

Longview

$1.88

$1.89

-0.01

$2.30

-0.42

   

Lubbock

$1.82

$1.82

0

$2.22

-0.40

   

McAllen

$1.89

$1.84

+0.05

$2.30

-0.41

   

Midland

$2.48

$2.49

-0.01

$2.48

0

   

Odessa

$2.43

$2.46

-0.03

$2.43

0

   

San Angelo

$1.86

$1.86

0

$2.28

-0.42

   

San Antonio

$1.89

$1.86

+0.03

$2.18

-0.29

07/16/08

$3.96

Sherman-Denison

$1.86

$1.80

+0.06

$2.21

-0.35

   

Texarkana

$1.85

$1.85

0

$2.27

-0.42

07/16/08

$3.98

Tyler

$1.83

$1.83

0

$2.26

-0.43

   

Victoria

$1.93

$1.96

-0.03

$2.24

-0.31

   

Waco

$1.89

$1.90

-0.01

$2.22

-0.33

   

Wichita Falls

$1.84

$1.85

-0.01

$2.23

-0.39

   

 

Media Contacts

Daniel Armbruster
469-221-8217
armbruster.daniel@aaa-texas.com
Joshua Zuber
AAA Texas

713-533-2946
zuber.joshua@aaa-texas.com