Gas prices fall 6 cents in Texarkana

Texarkana

Gas prices continue to plummet in Texarkana, dropping six cents from a week ago at the same time.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline has fallen from $2.19 to $2.13 in the Texarkana area. The gas prices are tied with the Tyler area and Waco area, for the 12th-lowest in the state of Texas.

The cheapest gas can be found in the Sherman-Denison area where drivers are paying $2.02 on average for a gallon of gas. The most expensive gas is in the Midland area where motorists are paying an average of $2.41 for gas. Nearby Odessa drivers are paying the second-highest prices in the Lone Star State at $2.38.

Drivers in Dallas are paying $2.11 a gallon, Fort Worth-Arlington drivers $2.10, Longview and Houston motorists $2.17.

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Texarkana drivers are paying a 36 cents less for gas compared to the national average. However, at the same time a year ago, Texarkana motorists paid $1.98 a gallon on average.

Nonetheless, gas prices are falling as gasoline stocks grew again, measuring at 260 million barrels nationally, according to the Energy Information Administration. Regionally, supplied had a third week of stock builds.

The EIA says that the South and Southeast region had a build of 1 million barrels, a total stock measuring of 95.3 million barrels, the highest regional stock level recorded since the EIA kept such data beginning in 1990.

“Gasoline stocks are at their highest level since tracking began in 1990,” said AAA Texas spokesperson Daniel Armbruster. “As supplies continue to build, demand remains low, forcing gas prices down even further.”

Gas prices are expected to keep falling across the region as gas is at a lower demand in the winter.