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The statewide gas price average in Texas is $2.75 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent less when compared to this day last week and is 49 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in the Midland area are paying the most on average at $2.87 per gallon while drivers in the Lubbock area are paying the least at $2.57 per gallon. The national average price for a gallon of regular unleaded is $3.14, which is four cents less when compared to this day last week and 50 cents less per gallon when compared to this day last year.
In the lull between spring travel and the kick-off to summer, gas demand slid week over week, causing fuel prices to drop in many cities across the Lone Star State. OPEC+ (the group of oil-producing countries) announced that it will increase output again in June, widening the supply surplus, which could cause crude prices to continue to fall. This means road trippers could see lower prices at the pump this summer.
“Texas gas prices have stayed below $3 per gallon since last August,” said Daniel Armbruster, spokesperson for AAA Texas. “With supply outpacing demand and the summer driving season right around the corner, road trippers could enjoy meaningful savings at the pump during their vacation travels in the coming months.”
