AAA Texas: Drivers to see sub-$2/Gallon Gas on Independence Day for first time in 16 years
• Independence Day prices haven’t been this low in Texas since 2004.
The statewide gas price average in Texas is $1.89 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is the same as on this day last week and is 55 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Midland and Odessa are paying the most on average at $1.99 while drivers in the Sherman-Denison area are paying the least at $1.79 per gallon. The national average price for a gallon of regular unleaded is $2.18, which is one cent more compared to this day last week and 55 cents less than the price per gallon at this same time last year.
While gas prices had been steadily increasing for eight consecutive weeks they’re now holding steady. Saturday will mark the first Independence Day that Texas drivers have filled up for less than $2 per gallon, on average, since July 4, 2004.
“Texas gas prices haven’t been this low heading into Independence Day since the early 2000’s, said AAA Texas spokesperson Daniel Armbruster. “Demand for gasoline has been fluctuating and took a slight drop this week, causing pump price increases to slow heading into the holiday weekend.”
According to new data from the Energy Information Administration (EIA), gas demand took a slight step back to 8.56 million barrels per day from 8.61 million barrels per day last week. Alongside decreasing demand, total domestic gasoline supplies grew by 1.2 million barrels to 256.5 million last week. The statewide average holding steady means that gasoline supply and demand are largely in sync across Texas. If these trends continue, drivers could see pump price increases slow or hold steady through the holiday weekend.
Prices up to date at press time using market prices poste d 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. 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.Find additional news from AAA Texas in our online newsroom at http://tx-aaa.iprsoftware.com/.