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Texas gas prices fall to cheapest in the nation on average, down again slightly this week

Gas pump

AUSTIN (Talk1370.com) -- Prices at the pump continue to fall slightly week to week, with drivers across the state of Texas now paying the least on average in the entire country.

AAA Texas says the average price for a gallon of regular unleaded fuel in the Austin-San Marcos metro area this week is $2.52, down two cents from last week. The average is 93 cents higher than a year ago, when drivers were paying an average of $1.59 a gallon.


Across the state, prices are also down two cents to $2.57 a gallon on average, which is 99 cents higher than this time last year.

The nationwide average is $2.86 this week, down one cent from last week and $1.02 higher than a year ago.

Across the state, drivers in El Paso continue to see the state's highest average price at $2.91 a gallon. Drivers in San Antonio are seeing some of the cheapest gas in the state, at an average of $2.40 per gallon.

Demand and supplies both increased this week, according to data from the Energy Information Administration. U.S. demand levels rose to nearly nine million barrels per day, which is the highest since late August 2020 when daily demand briefly broke higher than nine million barrels. Regional refinery utilization also rose to 86%, up from the week prior.

“Texas has the lowest statewide gas price average in the U.S. this week,” said AAA Texas spokesperson Daniel Armbruster. “Fuel prices may be lower here than any other state, but they’re also 99 cents more per gallon, on average, than what Texas motorists were paying one year ago.”