|The statewide gas price average in Texas is $2.75 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent more than on this day last week and is 10 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $2.93 per gallon while drivers in Tyler are paying the least at $2.63 per gallon. The national average price for a gallon of regular unleaded is $3.25, which is two cents less when compared to this day last week and 24 cents less than the price per gallon at this same time last year.
Gas prices in Texas are the lowest in the nation but increased slightly week-to-week thanks to a very busy Thanksgiving holiday travel period. Price fluctuations remain possible into December. Over the last week, West Texas Intermediate crude prices have bounced around between $74 to $78 per barrel. OPEC+ could announce additional production cuts today, which may push crude prices higher. Crude oil is the main ingredient in gasoline, making up 50 to 60 percent of the cost of each gallon of fuel.
“While gas prices have fluctuated slightly over the last week due to busy holiday travel, the Texas average for regular unleaded is 10 cents cheaper compared to one year ago,” said Daniel Armbruster, spokesperson for AAA Texas. “Texas continues to have the lowest fuel price average of any state for the second consecutive week.”
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.