AUSTIN (Talk1370.com) -- Gas prices across the Austin area are down slightly from their latest record highs, according to the latest AAA Texas Weekend Gas Watch.
Austin-area drivers are paying an average of $4.27 a gallon for regular unleaded as of Thursday morning, down one cent from last week's $4.28 and the most recent record high of $4.30 set on May 21. The average is $1.59 higher than this time last year, when drivers were paying an average of $2.68 a gallon.
Statewide, prices are also down slightly, with drivers paying an average of $4.26 as of Thursday morning. That's a three cent drop from last week's $4.29 and $1.53 higher than a year ago.
3.2 million Texans are expected to travel for the Memorial Day holiday weekend, with AAA forecasting that 2.8 million Texans are expected to drive to their destination. Fuel prices are expected to remain elevated with crude oil remaining above $110 per barrel.
"The pain at the pump is still very apparent, but the daily record-setting for the statewide gas price average has stopped, at least for now,” said AAA Texas spokesperson Daniel Armbruster. "Higher gas prices are not deterring many from traveling, with 2.8 million Texans expected to drive to their destination this Memorial Day weekend. That is a five percent increase over last year and just below record levels set in 2019.”
