Texas

Despite the sticker shock, Texas has the cheapest petrol in the United States

According to AAA, this average gasoline price in Texas is the highest in seven years.

Dallas — According to AAA, Texas gasoline prices are currently the lowest in the country.

According to AAA, the average price per gallon of lead-free regulars in Lone Star is $ 2.93, while the national average is $ 3.30, the company said Thursday. The national average is 6 cents higher than last week, $ 1.12 higher than a year ago, AAA said.

According to AAA, this average price in Texas is the highest in seven years. Currently, crude oil is $ 80 a barrel. Prices usually go down in the fall.

Mississippi ($ 2.95), Oklahoma ($ 2.95), Arkansas ($ 2.96), Missouri ($ 2.97), Kansas ($ 3), Tennessee ($ 3.03), Louisiana ($ 3.04), South The inhabitants of Carolina continue. ($ 3.06) and Alabama ($ 3.06).

Why is it so expensive?

Crude oil is the main driver of this recent rise in gas prices, which typically accounts for 50% to 60% of pump prices, AAA said.

In August, the Biden administration urged the Organization of Petroleum Exporting Countries (OPEC) to act more swiftly to restore global supply and pressured OPEC to more quickly cancel the production cuts implemented at the start of the pandemic. I did.

However, OPEC and its oil-producing allies recently decided not to increase production anymore, only slowing the rise in crude oil prices, AAA said.

“As more people return to their business trips and offices, the demand for fuel is increasing,” said Daniel Alm Blaster, a spokesman for AAA Texas. “I’m not used to seeing it in October.”

Prices are rising, but gas supplies are still healthy, AAA spokeswoman Daniel Alm Blaster said.

According to AAA, gasoline prices fell in 2020 as fewer people drive and travel. The record high for gas was $ 3.98 per gallon in July 2008.

According to AAA, the prices below are the latest at press using the market prices announced Thursday at 3:41 am.

Texas cities with the highest average gas prices:

  1. El Paso- $ 3.15
  2. Midland-$ 3.08
  3. Odessa- $ 3.07
  4. Texarkana- $ 2.99
  5. Abilene- $ 2.99
  6. San Angelo- $ 2.98
  7. Long View- $ 2.97
  8. Tyler- $ 2.97
  9. College Station-Bryan-$ 2.95
  10. Dallas-$ 2.94
  11. Fort Worth-Arlington- $ 2.94

Cities with the lowest average gasoline prices:

  1. Lubbock- $ 2.85
  2. San Antonio-$ 2.86
  3. Waco-2 $ 2.86
  4. Houston- $ 2.87
  5. Killeen Temple Fort Food-$ 2.88

Despite the sticker shock, Texas has the cheapest petrol in the United States

Source link Despite the sticker shock, Texas has the cheapest petrol in the United States

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