Texas gas prices start 2019 down more than 30 cents year-to-year

El Paso News

The statewide average gas price in Texas is $1.93 for a gallon of regular unleaded fuel, according to AAA Texas Weekend Gas Watch. 

That price is 32 cents less per gallon compared to this day in 2018, and four cents less than this day last week.

Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most for gas, averaging $2.49 pep gallon while drivers in Amarillo and Sherman/Denison are paying the least at $1.80 per gallon.

The national gas price for a gallon of unleaded gas is also down from last year. The national price average is $2.25, which is five cents less than this day last year and 24 cents less than the price per gallon at this time in 2018.

Texas retail gas prices are on a dropping trend since mid-October due to falling crude oil prices. It is unclear how long the low prices will continue to drop, as OPEC recently decided to make changes that will likely lead to higher oil prices in 2019.

Crude oil prices are dropping due to an abundance of supply on the global market.

“Texans are paying much less for retail gasoline in 2019 compared to the start of last year,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson.

“The statewide average is lower by 32 cents per gallon compared to this time last year which means the average family is saving $4.16 per tank,” Armbruster said.

Other parts of the country are also seeing gas prices lower than the $2.00 level including most South and Southeast states. 

On the week, Florida and North Carolina were the only regional states to see prices above the $2.00 level.

Motorist can find current gas prices along their route with the with the AAA App for iPhone and Android. For more information on the app click here.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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