The average price for a gallon of regular unleaded gasoline in Texas is $3.48, five cents less than the average last week, according to the AAA Texas Weekend Gas Watch.
The national average is $3.58. The statewide average price is ten cents less than the national average. The most expensive gasoline averages in the state are in Austin, Galveston, and San Antonio at $3.48. Beaumont, Dallas, Ft. Worth, and Texarkana are reporting the least expensive averages in the state at $3.45 for a gallon of regular unleaded. The current cost of gasoline in Sweetwater is $3.59.
Over the last week the commodities markets have experienced dramatic shifts in momentum. Oil is trading around $85 per barrel, and gasoline prices have continued to steadily decline.
“The Texas statewide average price for a gallon of regular unleaded decreased a nickel since last week. Today’s statewide average is 11 cents less than it was one month ago and 41 cents less than the current high price for the year of $3.89 that was reached on May 13," said AAA Texas/New Mexico Public Affairs Representative Sarah Schimmer in Houston.