AAA Texas: Pump prices remain 45 cents higher than a year ago

Coppell, TX – The statewide gas price average in Texas is $2.61 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents less than last week and is 45 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 $3.07 while drivers in McAllen are paying the least at $2.49 per gallon. The national average price for a gallon of regular unleaded is $2.85, which is two cents less than this day last week and 50 cents more than the price per gallon at this same time last year.

With prices around the country falling or remaining flat, this suggests that U.S. gasoline supply and demand are balancing, but market analysts caution we could see spikes in demand closer to Labor Day as motorists squeeze in end-of-summer road trips. The Energy Information Administration’s (EIA) latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories.

“Demand for retail gasoline has dropped week-to-week causing prices in many areas of Texas to fall,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson.”With Labor Day around the corner, demand could spike. Before drivers take off on end-of-summer road trips, they should have their vehicle serviced by a trusted mechanic and make sure their tires are properly inflated to get the most out of each gallon of gasoline.”

The majority of states in the South and Southeast saw gas prices drop between one and two cents on the week. However, Florida saw prices increase by six cents.

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.

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.

AAA Texas: Pump prices remain 45 cents higher than a year ago

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