(AAA) – The statewide gas price average in Texas is $2.14 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is six cents more than this day last week and is three cents more per gallon compared to this day last year.
Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $2.36 while drivers in San Antonio are paying the least at $2.05 per gallon.
The national average price for a gallon of regular unleaded is $2.46, which is three cents more compared to this day last week and 10 cents more than the price per gallon at this same time last year.
Rising crude oil and wholesale gasoline prices have caused the statewide gas price average to see its first jump at the pump since early January. Despite the increase, Texas ranks among the states with the least expensive gas price averages.
Pump prices will be volatile over the coming weeks, according to market analysts, as global markets adjust to the impact of the coronavirus as well as U.S. gasoline demand and stock levels numbers.
“Texas boasts some of the cheapest gas prices averages in the country,” said AAA Texas spokesperson Daniel Armbruster. “Whether that trend continues will depend on several factors including gasoline stock supply and demand.”
Regional gasoline stocks in the South and Southeast have decreased for two weeks in a row. Regional refinery utilization held steady at 90%.