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Statewide Gas Price Average Flat Week-over-week

National Average Increases Slightly as Demand Ticks Up

GAS PUMP

The statewide gas price average in Texas is $1.50 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is the same as this day last week and is $1.11 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 $1.75 while drivers in Sherman/Denison are paying the least at $1.22 per gallon. The national average price for a gallon of regular unleaded is $1.81, which is four cents more compared to this day last week and $1.08 less than the price per gallon at this same time last year.

Before the COVID-19 pandemic, the statewide pump price average for a gallon of regular unleaded had not been as low as $1.50 since 2009. The price dipped to its lowest point in 2020 on May 4, at $1.49 per gallon. Gas prices could fluctuate in the coming weeks, however, as gasoline demand increases around the region, and the country, as some states begin to re-open. And due to prices going up in some states, Texas has regained a spot on AAA’s top 10 cheapest gas prices list, sitting at number six today.

“Demand for gasoline is on the rise, and that could mean a price increase at the pump for drivers in the coming weeks,” said AAA Texas spokesperson Daniel Armbruster. “However, gasoline demand levels remain far below last year’s figures, and that’s helping keep gas prices cheaper year-over-year.”

Gasoline demand increased to around 6.7 million barrels per day, according to the latest report by the U.S. Energy Information Administration. That’s up from the nearly 5.9 million barrels per day the week prior. The EIA also reports refinery utilization remained flat at 75% in the Gulf Coast region last week. At the national level, refinery utilization is also flat week-over-week coming in at 70%.

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/.

NATIONAL & TEXAS GAS PRICE AVERAGES

TX_GasChart_05_07_2020
AAA Texas Gas Price Averages, May 7, 2020

STATES RANKED BY LEAST EXPENSIVE GAS PRICES

Top10LowestAvg_05_07_2020
AAA Top 10 Lowest State Gas Price Averages, May 7, 2020

 

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).