The average gas price has dropped in Texarkana over the past week.
According to new data from AAA Texas, the price for a gallon of regular unleaded gasoline decreased from $2.48 to $2.44 per gallon. The prices rank as the eighth-lowest in the Texas. Compared to the national average, Texarkana’s gas prices are 31 cents cheaper, and compared to the average in the Lone Star State, the Twin Cities’ average is seven cents lower.
The cheapest gas can be found in McAllen at $2.36 per gallon. The costliest gas is out in Midland at $2.68 per gallon.
All in all, it is the first time in four weeks that statewide and national averages have had a weekly decline, according to AAA Texas.
“Gasoline stocks remain ample amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back,” said Joshua Zuber, AAA Texas/New Mexico spokesperson. “It is too soon to know if this downward trend will continue, but it is certainly a welcome relief for motorists during the summer driving season.”
U.S.-China trade talks and tensions in the Middle East could have an effect on oil prices, and it is a situation that market analysts are keeping tabs on.