|The statewide gas price average in Texas is $3.15 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is three cents less than on this day last week and is 33 cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Amarillo are paying the most on average at $3.40 per gallon while drivers in McAllen are paying the least at $2.95 per gallon. The national average price for a gallon of regular unleaded is $3.68, which is two cents less when compared to this day last week and 49 cents more than the price per gallon at this same time last year.
The Texas statewide weekly gas price average has been on the decline for three consecutive months as the price of crude oil is impacted by a slowdown in demand for retail gasoline contradicted by headlines of oil supply concerns. Inflation and economic slowdown worries have been keeping oil prices lower compared to where they were over the summer. Most of the country is now using less expensive winter blend gasoline, so modest pump price reductions have already occurred when it comes to the annual switch. Retail pump price fluctuations remain possible due to Russia’s war in Ukraine and increasing hurricane activity.
“The statewide gas price average for Texas has been on the decline for three months,” said AAA Texas spokesperson Daniel Armbruster. “Retail gas price fluctuations remain possible due to Russia’s war in Ukraine as well as increasing hurricane activity.”
Drivers in Texas are paying the fourth lowest gas price average in the country, according to gasprices.aaa.com. Meanwhile drivers in California are paying the most at $5.52 on average for a gallon of regular unleaded.
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.