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Crude oil prices declined over the last week and the prices at the pump continued a steady, month-long decline. This week the average price for a gallon of regular unleaded gasoline in Texas is down seven cents and sits at $3.61, according to the AAA Texas Weekend Gas Watch.Â
The national average is down for a fifth consecutive week and is now $3.74, which is six cents less than last week.Â
Currently Texans are paying an average of 13 cents less than drivers nationwide. The most expensive gasoline average in the state is in El Paso at $3.73. Amarillo is reporting the least expensive average in the state at $3.46 for a gallon of regular unleaded. In Sweetwater, gas prices are currently about $3.47 per gallon.
âConsumers are once again seeing prices at the pump drop this week and that will likely be good news for those who plan to hit the roads in the coming weeks,â said AAA Texas/AAA New Mexico Public Affairs Representative Doug Shupe. âWe will continue to monitor the market conditions so drivers will have the information they need to factor in driving costs into their summer travel budgets.â
Analysts say the latest declines are a result of European elections in Greece and France that showed limited support in those countries for measures enacted to address sovereign debt concerns. Also, analysts say weaker economies overseas are consuming less crude oil and putting downward pressure on prices.Â
As the summer travel season approaches many people will benefit from the lower gas prices, but they can also benefit through discounts available to AAA members through the Show your Card & Save program. Last year AAA members saved nearly $2 billion dollars by booking early and taking advantage of discounts on hotels, car rentals and attraction tickets. Visit AAA.com/discounts for a complete list of retailers and offers.
As North Americaâs largest motoring and leisure travel organization, AAA provides more than 53 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at AAA.com.