The statewide gas price average in Texas is $3.09 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is four cents less than on this day last week and is 37 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in El Paso metro area are paying the most on average at $3.29 per gallon while drivers in Lubbock are paying the least at $2.91 per gallon. The national average price for a gallon of regular unleaded is $3.48, which is four cents less when compared to this day last week and 30 cents less per gallon when compared to this day last year.
AAA Launches EV Charging Data Feature
AAA is rolling out a new feature today, with much more to come. With an estimated 1.2 million AAA members living in a household with one or more electric vehicles, AAA is adding the kilowatt-per-hour cost for Level 2 (L2) commercial charging by state – more details below. AAA members are 28% more likely than the US adult population overall to have an electric vehicle.
Today’s national average for a kilowatt of electricity at an L2 commercial charging station is 34 cents.
Oil and Gas Market Trends
A tropical wave with storm-forming potential is slowly approaching the Caribbean Sea. Should it enter the Gulf of Mexico, expect oil prices to move higher. According to new data from the Energy Information Administration (EIA), gas demand slid from 9.45 million b/d to 9.25 last week. Meanwhile, total domestic gasoline stocks fell from 227.4 to 223.8 million barrels. Gasoline production decreased last week, averaging 10.0 million barrels per day. Lower gasoline demand but higher oil costs may lead to flat or slowly rising pump prices dipping, but this depends on Atlantic storm development.
