Gas Watch: Austin area pump prices drop again this week, as Texas remains cheapest state in U.S.

Gas pump handle in car
Photo credit Getty Images

AUSTIN (Talk1370.com) -- Drivers across the state are seeing lower gas prices again this week, according to the latest AAA Texas Weekend Gas Watch.

Across the Austin-San Marcos metro area, drivers are paying an average of $2.85 per gallon for regular unleaded. That's down 10 cents from last week and some 31 cents cheaper than a year ago.

Statewide, drivers are paying an average of $2.86 a gallon, which is seven cents cheaper than last week and 31 cents cheaper than a year ago.

Drivers in the Bryan-College Station area are paying the most on average at $3.06 per gallon, while drivers in Victoria are paying the least at $2.73 per gallon.

With crude oil prices showing a consistent downward trajectory, it is anticipated that retail gasoline prices could follow suit. However, given the impending Thanksgiving holiday travel season, fluctuations in prices cannot be ruled out.

In more good news for drivers hoping for cheaper gasoline, recent data from the Energy Information Administration indicates gasoline supplies continue to build. Currently, Texas has the lowest state gas price average in the U.S.

"Cheaper crude oil and growing gasoline supplies are contributing to more affordable retail fuel prices across the state," said Daniel Armbruster, spokesperson for AAA Texas. "As we approach the bustling Thanksgiving holiday travel period, some price fluctuations may be encountered, but the overarching trend throughout November suggests the possibility of reduced fuel costs."

The national average price for a gallon of regular unleaded is $3.40, which is five cents less when compared to this day last week and 40 cents less than the price per gallon at this same time last year.

Featured Image Photo Credit: Getty Images