AAA: Texas Gas Prices To Fall Under $2 Per Gallon


Gas pump dollar sign
Credit: AAA
If you’ve filled up at the pump lately in Texas, you’ll likely have noticed the price drop at the pump. It’s not your imagination, either. Gas prices in Texas continue to fall according to the American Automobile Association. Its recent Weekend Gas Watch Report reports an average gas price in Texas of $2.11 for a gallon of regular unleaded fuel. That’s five cents less than this day last week and is 13 cents more per gallon compared to this day last year. That is also less than the national gas price average of $2.47.

Of the major metro Texas areas surveyed, Midland drivers are paying the most on average at $2.38. Drivers in Sherman/Denison are enjoying the most savings, paying just at $1.96 per gallon.

Nationwide, the national average price for a gallon of regular unleaded is $2.45, which is four cents less compared to this day last week and 17 cents more than the price per gallon at this same time last year.

Why the lower prices? We can thank low crude oil prices. They are about $10 less a barrel compared to the beginning of the year. Plus, market analysts cite U.S. gasoline stocks hovering around all-time highs as a contributing factor for cheaper fuel prices.

“Cheaper crude and healthy stock levels mean motorists can expect prices to continue to decline this month,” said AAA Texas spokesperson Daniel Armbruster. “There may be some volatility with crude oil prices, however, as many market analysts will be watching the economic impact of the coronavirus and whether the Organization of Petroleum Exporting Countries (OPEC) will consider further oil production cuts.”

Gas can be found for less than $2 a gallon at stations in every state in the South and Southeast except in Florida. In the next week, we can expect to see an increase in the amount of stations selling gas at less than $2 a gallon.

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.
Related Articles
Gas
Gas Prices Dip To National Average of $1.99 Per Gallon
What happens when people are forced to stay home and off the roads due to a global health crisis that is impacting every neighborhood across the country? Gas prices drop to their lowest national avera... More ›
12
12 Best New Cars for 2020
So you need a new car, but with so many choices out there the task of narrowing down your list can be daunting. Fortunately, there are some ways to help narrow down your list. For starters, listen to ... More ›
Hyundai
Hyundai Joins The Fight Against Coronavirus with Drive-Thru Testing Grants
We know that being tested for COVID-19 is key in preventing its spread and for treatment, especially in those with immune compromised, pre-existing conditions. Hyundai is focused on helping children g... More ›
Volvo
Volvo Offering Pick-up & Delivery For Service
If you’re a Volvo owner and need to have your car serviced, but don’t want to or can’t leave your home, Volvo can help. After a successful test pilot run, the automaker is launching its new service ca... More ›
There haven't been any comments left on this blog yet. Be the first to add one!.