Gas price average drops 10 cents

Archive Section: 

National average could reach $2.50 by Christmas.

IRVING – Another significant drop in gas prices over the last week is leaving Texas drivers with extra holiday spending money in their pockets.  The statewide average price for a gallon of regular unleaded fuel is now $2.40, according to the AAA Texas Weekend Gas Watch.  That price is 10 cents less than one week ago and 70 cents less than one year ago.  Of the major metropolitan areas surveyed in the Lone Star State, drivers in Beaumont are paying the most at $2.45 per gallon while drivers in Amarillo are paying the least at $2.28 per gallon.  Texans are paying 22 cents less per gallon than the national average of $2.62.  

The national price for regular unleaded gasoline could be around $2.50 by Christmas, and will likely fall in the coming days to the lowest level since 2009.  As crude oil costs continue to slide, gas prices are poised to fall even further in the next several weeks.  The average price for retail gasoline historically declines from fall into winter due to a number of factors including decreased demand.  Analysts say consumers can expect to see the price at the pump tick lower as we approach the New Year.  Plentiful global crude oil supplies continue to be a primary contributing factor to falling averages nationwide.

“Forty six states and Washington, D.C. have gas price averages below the $3.00 per gallon threshold,” said AAA Texas/New Mexico Representative Doug Shupe.  “Travelers hitting the roads for the Year-End holidays will see savings at the pumps in just about every part of the country,” said Shupe.

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.

Subscriber Login

Login Help

Thank you for visiting our new website. For your initial login to the site, please use the following information:

Username: Your current username (or screen name from the previous site)
Password: Please also use your username as the password

You can change your password after successfully logging into the site. Thank you.

Comment Here