As per the AAA Texas Weekend Gas Watch report, Texas drivers are in for a treat as gas prices continue to fall ahead of the summer travel season.
According to AAA Texas Weekend Gas Watch, the statewide gas price average in Texas is $3.12 for a gallon of regular unleaded fuel. That’s 11 cents less than on this day last week and is 76 cents less per gallon compared to the same day last year. Drivers in El Paso are currently paying the most on average at $3.36 per gallon while drivers in McAllen are paying the least at $2.88 per gallon.
The current national average for a gallon of regular gasoline is $3.57, which is seven cents less when compared to this day last week and 66 cents less than the price per gallon at the same time last year. The cause for the falling gas prices is crude oil prices continuing to tumble as concerns of an economic slowdown persist along with the Federal Reserve raising interest rates again, according to AAA Texas Weekend Gas Watch.
"If crude oil prices keep falling, retail gas prices will likely follow," said AAA Texas spokesperson Daniel Armbruster. "However, we’ll have to wait and see how much impact cheaper crude could have as the unofficial kickoff to summer, Memorial Day, is right around the corner and travel demand outlooks appear to be very strong."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AAA Alabama: Fears of a possible recession cause gas prices to dropMemorial Day Weekend is approaching, meaning many Alabamians will be hitting the road. In a turn of events, drivers could save this year.
Leer más »
Swift Current Energy takes step to open Texas solar farm in SE TexasSwift Current Energy closed project financing with ING Capital for its planned solar farm about 150 miles south of Houston in Calhoun County, advancing a project that is expected to feed 195 megawatts of electricity to the Texas power grid.
Leer más »
When do STAAR results come in 2023? A guide for parents on how to access scoresWhen do STAAR results come in 2023? A guide for parents on how to access scores and what happens next
Leer más »
Gulfton has enough space for 500 new trees, study shows, a possible relief to heatAn analysis conducted by Texas A&M Forest Service and The Nature Conservancy in Texas...
Leer más »
Cinco de Mayo and Japan Festival among top picks for family events in Houston this weekendOur weekend top picks include Tacos Over Texas, Houston Polish May Festival, East End...
Leer más »
Bottleworks and Ironworks Indy Hotels recognized by AAA for quality and consistencyBottleworks Hotel and Ironworks Hotel Indy are both among nine Indianapolis hotels being recognized by AAA for their commitment to quality and consistency in the hospitality industry.
Leer más »