
Texas Gas Prices Climb Statewide Amid Rising Crude Oil
Gas prices in the fall are traditionally lower, but Texans aren't seeing any relief at the pumps. In fact, Amarillo's gas prices just jumped 26 cents in one week. Gas prices just decided to keep punching you in the pocketbook.
How Much Is Gas in Texas This Week?
According to AAA Texas, the average price for a gallon of regular gas is $3.64 this week, which is only one cent higher than last week. However, gas prices have shot up in many cities throughout Texas. Right now, residents in Beaumont-Port Arthur, Houston, and Tyler are currently paying the least at $3.56 per gallon, while El Paso is still paying the most at $3.96 per gallon. The national average is still at $4.10.
Which Texas Cities Are Paying the Most and Least?
- Amarillo: $3.76 - Last week: $3.50 - up 26 cents from last week
- Lubbock: $3.77 - Last week: $3.61 - up 16 cents from last week
- Midland: $3.64 - Last week: $3.66 - down 2 cents from last week
- Odessa: $3.63 - Last week: $3.68 - down 5 cents from last week
- Tyler: $3.56 - Last week: $3.49 - up 7 cents from last week
- Abilene: $3.64 - Last week: $3.69 - down 5 cents from last week
- El Paso: $3.96 - Last week: $3.94 - up 2 cents from last week
See what other Texas cities are paying here.
Why Are Gas Prices Rising Again?
We’re seeing a mixed picture across the state, with prices rising in some communities and falling in others. Lower gasoline demand could provide some relief as summer winds down, but crude oil prices will continue to be an important factor in determining what drivers pay at the pump, said Daniel Armbruster, spokesperson for AAA Texas.
Read More: Did You Know Texas Is Home To The Planet's Largest Gas Station?
What's Driving Crude Oil Prices Higher?
According to OilPrice.com, Brent Crude Oil is nearing $100 per barrel; the current price is $93.41, while WTI Crude is at $85.62.
Average gasoline prices climbed back above $4 per gallon over the last week, with rebounding oil prices driven by the continued closure of the Strait of Hormuz and ongoing Ukrainian attacks on Russian oil refineries,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While winter-blend gasoline could bring some relief, the path for gas and diesel prices remains tilted to the upside.
It's time to brace ourselves and be prepared for continued gas price increases. Fall may mean driving less and staying home more. However, if you have kids playing school sports, we all know that won't be feasible because you will still be driving to their games.
Read More: New COTALAND Theme Park Opens in Austin
8 Easy Ways to Save Money on Gas Right Now
Gallery Credit: Unsplash/TSM
MAKE THE MOST OF YOUR GAS MILEAGE
Gallery Credit: Jana DeCamilla
