|The statewide gas price average in Texas is $2.68 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is the same as on this day last week and is 29 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 $2.94 per gallon while drivers in Lubbock are paying the least at $2.48 per gallon. The national average price for a gallon of regular unleaded is $3.09, which is one cent more when compared to this day last week and 27 cents less than the price per gallon at this same time last year.
Prices for crude oil, the main ingredient in gasoline, have held steady in the lower $70s over the past few weeks. This and healthy supplies of gasoline are keeping retail fuel prices in check. Gas prices typically remain lower in January due to lower demand, as well.
“The statewide gas price average held steady over the past week,” said Daniel Armbruster, spokesperson for AAA Texas. Gas prices remain cheaper than this time last year and will likely remain lower through January.”