(from AAA Texas )
|AAA Texas: Relief at the Gas Pump, Fluctuations Remain Possible|
|The statewide gas price average in Texas is $3.23 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is 11 cents less per gallon than it was on this day last week and is 54 cents less per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $3.47 per gallon while drivers in McAllen are paying the least at $2.99 per gallon. The national average price for a gallon of regular unleaded is $3.64, which is five cents less when compared to this day last week and 49 cents less than the price per gallon at this same time last year. |
Crude oil prices have recently dropped – allowing for some relief at the pump. The energy markets continue to balance the outlook for what should be strong demand for travel with uncertainty around an economic slowdown as inflation continues as well as possible higher interest rates. Looking ahead to May, and the summer, many experts indicate that Americans are excited to hit the road for summer travel, which will put more pressure on demand for fuel.
“After climbing to its highest point in nearly seven months last week, the statewide gas price average has receded slightly,” said AAA Texas spokesperson Daniel Armbruster. “Crude oil prices have dipped after climbing above $80 per barrel earlier this month. While retail gas prices are down from last week, fluctuations remain possible, and prices could rebound as what’s expected to be a very busy summer driving season is just around the corner. The Energy Information Administration noted strong demand for fuel on the week.”
Drivers in Texas are paying the fourth lowest gas price average in the country, according to gasprices.aaa.com. Meanwhile, drivers in California are paying the most at $4.88 on average for a gallon of regular unleaded.
AAA Tips to Save Money on Fuel
Bad driving isn’t just unsafe. It’s expensive. Studies by the AAA Automotive Research Center have repeatedly shown that personal driving habits are the single biggest factor that affects vehicle fuel consumption. Adopting new and improved driving behaviors can contribute to significant savings at the gas pump. Here are some simple ways drivers can improve fuel efficiency:
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.