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AAA Texas: Gas Prices Keep Climbing, Up Another 14 Cents

AAA Texas: Gas Prices Keep Climbing, Up Another 14 Cents
The statewide gas price average in Texas is $3.18 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 14 cents more than on this day last week and is four cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Dallas are paying the most on average at $3.36 per gallon while drivers in Tyler are paying the least at $3.00 per gallon. The national average price for a gallon of regular unleaded is $3.53, which is 12 cents more when compared to this day last week and nine cents less than the price per gallon at this same time last year.

Seasonal travel demand, rising crude oil prices and the switchover to summer-blend fuel are driving gas prices higher across Texas. West Texas Intermediate crude oil has climbed $4 per barrel over the last month. As crude oil constitutes a substantial portion, at least 50%, of each gallon’s cost, its price hike directly impacts consumers. Moreover, the switch to pricier summer blend fuel is anticipated to elevate the state’s gas price average by an additional 5 to 20 cents.

TX GAS fuel fact 3-21-24

Daniel Armbruster, spokesperson for AAA Texas, commented on the situation, stating, “This is the time of year when gas prices usually start to increase thanks to seasonal demand and the switchover to summer blend fuel. In addition, crude oil, the main ingredient in gas, is getting more expensive.”

GAS CHART TX 3-21-24

 

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