The statewide gas price average in Texas is $1.70 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 10 cents less than this day last week and is 78 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 $1.94 while drivers in Sherman/Denison are paying the least at $1.32 per gallon. The national average price for a gallon of regular unleaded is $1.97, which is 10 cents less compared to this day last week and 72 cents less than the price per gallon at this same time last year.
All Texas cities surveyed by AAA now have regular unleaded price averages below $2 per gallon. The statewide gas price average, $1.70 per gallon for regular unleaded, has not been this low since January 2016. The national gas price average also dropped below $2.00 per gallon for the first time since 2016.
AAA expects gas prices to push cheaper by at least another quarter in April. The decline is due to COVID-19's chilling effect on the global economy and the crude oil price war between Saudi Arabia and Russia. Crude has plummeted to around $20 a barrel – a closing price not seen since 2002. For the last 52 weeks, crude oil (West Texas Intermediate) has averaged $56/barrel.
“Until crude oil prices and gasoline demand increase, cheaper gas prices are likely here for the foreseeable future,” said AAA Texas spokesperson Daniel Armbruster. “Today, motorists can find gas for $1.99 or less at 68% of gas stations across the country. AAA expects gas prices to keep dropping as cheap crude combines with the realities of people staying home and less demand for gas.”
COVID-19 is not impacting the U.S. gasoline supply. The U.S. has an unusual amount of winter-blend gasoline still available for this time of year. This caused the Environmental Protection Agency (EPA) to extend the sale of winter-blend past the May 1 deadline to May 20. The agency said they would continue to monitor and may extend the waiver again.
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 visitingwww.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 PRICES