Gas Prices In Texas Continue To Fall, 2nd Lowest In US
Gas prices in Texas are continuing to fall for the third-straight week, and Texans are paying the second-lowest prices in the U.S., according to AAA.
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Gas prices in Texas are continuing to fall for the third-straight week, and Texans are paying the second-lowest prices in the U.S., according to AAA.
After weeks of quarantine, Texans and and the rest of the country is finally getting back on the road to go to stores, beaches and parks, guzzling more gas along the way.
The statewide pump price average for a gallon of regular unleaded -- $1.50 -- now sits at the cheapest level since January 2009.
Gas prices are continuing to decrease in Texas and across the U.S. during the coronavirus pandemic as crude oil prices fell into negative territory earlier this week.
Due to the COVID-19 outbreak, local and state governments have forced most businesses to close and most people to stay home, creating a massive glut of oil.
With most of the country on shutdown due to the coronavirus pandemic, oil consumption has plunged, taking oil prices along with it.
AAA Texas reports the national demand for gasoline has hit its lowest point since 1968 and that it is expected to continue decreasing as stay-at-home orders remain in place.
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It may just be three cents, but the average gas price in Texas has dropped for the first time in 14 weeks.
According to AAA, the statewide gas price average in Texas is $2.58 for a gallon of regular unleaded fuel. That price is four cents more than this time last week.
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Gas prices in Texas have increased again this week compared to last and are expected to continue rising, according to AAA.
According to AAA Texas, the statewide average for a gallon of regular unleaded fuel is now $2.38, which is nine cents more than this day last week.
The average gas price per gallon of regular unleaded fuel throughout Texas has increased by 14 cents since last week, making it the biggest weekly jump since August 2017.
Gas prices in Texas have reached a new low for 2018 as millions of Texans are expected to start their holiday travels.
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Drivers in Texas are paying the lowest gas prices in 2018 as of late, according to AAA. The statewide average in Texas is now $2.19 per gallon of regular unleaded.
Retail gasoline prices in Texas and across the nation are up this week.
The average retail gasoline price in Texas did not change this week, remaining at $2.61 for a gallon of unleaded.
AAA Texas on Thursday reported that the average price at the pump statewide was $2.65 per gallon. Drivers across the U.S. are paying an average of $2.87 per gallon.
Across Texas and nationwide retail gasoline prices have declined this week.
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Texas and nationwide retail gasoline prices are up a penny per gallon this week.
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