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Drivers are filling up with the cheapest gas prices since 2016

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The average statewide gas price in Texas is $ 1.80 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch.

This price is 11 cents less than today last week and 62 cents less per gallon compared to this day last year.

The average price Thursday at Bryan-College Station was $ 1.84.

That’s ten cents less than at that time last week, and more than half a dollar less than at that time last year.

See the full list of prices across Texas by clicking here.

Among the major metropolitan areas surveyed in Texas, Midland drivers pay the most expensive on average at $ 2.00 while Sherman / Denison drivers pay the least at $ 1.50 per gallon.

The national average price for a gallon of regular unleaded fuel is $ 2.07, 13 cents lower than last week and 58 cents lower than the price per gallon in the same period last year.

As the price of crude oil drops to levels not seen since the early 2000s, gasoline prices are following suit. In Texas, the national average has not been $ 1.80 for a gallon of regular unleaded fuel since 2016.

Crude oil is the main driver of cheaper gas prices, accounting for almost 60% of the price at the pump. Gasoline prices drop at a time of the year that they normally rise as the weather warms up and motorists generally head for the spring break.

Retail demand for crude oil and gasoline continues to decline as fewer drivers are on the road, causing gas prices to drop to levels not seen in four years, said the spokesperson. AAA in Texas, Daniel Armbruster. The main factors are concerns about the fact that the coronavirus keeps people at home, and producers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC still have disagreements over future production figures.

Motorists don’t need to rush to the pumps to fill up. Currently, there is a large supply of gasoline in the United States and there is no interruption in distribution at service stations.

Prices updated at press time using market prices published 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 application can also be used to map a route and know the traffic conditions along this route, find discounts, locate a car park, book a hotel and request and follow AAA roadside assistance. Learn more at www.AAA.com/mobile.



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