Higher Crude Oil Prices Cause Jump in Statewide Gas Price Average

Crude Oil Prices

COPPELL, Texas – Rising crude oil prices cause a jump in gas prices statewide. The statewide gas price average in Texas is $2.12 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents more than on this day last week and is 11 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 $2.32 while drivers in the Sherman-Denison area are paying the least at $1.99 per gallon. The national average price for a gallon of regular unleaded is $2.40, which is four cents more when compared to this day last week and 14 cents less than the price per gallon at this same time last year.

The Lone Star State gas price average is well into its second week above $2 a gallon for regular unleaded. The current average is the highest Texas drivers have been paying since early March. The price increase trend may be slowing for now, however, crude oil prices continue to rise even as demand is below levels from a year ago. It’s possible the trend could shift as crude inventories have increased.

“Rising crude oil prices have led to an increase at the pump for drivers in the Lone Star State,” said AAA Texas spokesperson Daniel Armbruster. “And while the price increase trend has shown signs of slowing, higher crude oil prices may be on the horizon despite gasoline demand continuing to be below January 2020 levels.”

Drivers in Texas are paying some of the cheapest prices at the pump, ranking 3rd lowest in the country, according to gasprices.aaa.com.

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 at www.AAA.com/mobile.

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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 at AAA.com/Repair. AAA Texas branch offices throughout the state can be found by visiting www.AAA.com. Follow AAA Texas on Twitter: @AAATexas and Facebook: www.facebook.com/AAATexas.