COPPELL, Texas – Drivers continue to see savings at the pump with gasoline stocks at an all-time high.
The statewide gas price average in Texas is $2.11 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is five cents less than this day last week and is 13 cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.38 while drivers in Sherman/Denison are paying the least at $1.96 per gallon. 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.
Motorists are paying less to fill up, especially as crude oil prices are less expensive. Crude oil prices 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.
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 atwww.AAA.com/mobile.
To help members and non-members identify quality auto repair shops that can assist in the maintenance and repair of their vehicles, AAA offers the Approved Auto Repair program as a free public service. AAA-approved repair facilities meet and maintain high professional standards for training, equipment, cleanliness and customer service. Motorists can look for the Approved Auto Repair sign at local auto repair facilities, or search for a nearby AAA-approved shop online atAAA.com/Repair. AAA Texas branch offices throughout the state can be found by visitingwww.AAA.com. Follow AAA Texas on Twitter: @AAATexas and Facebook:www.facebook.com/