Gas prices jump nine cents in Texarkana

gas prices

Gas prices continue an upward trend in Texarkana.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline in the Texarkana area was $1.61, an increase of nine cents compared to this same time last week.

The prices are tied with the Galveston-Texas City area for the seventh-highest gas prices in the state. Compared to state averages, the Texarkana total is one cent over, but it is still cheaper than the national average of $1.93.

Sherman-Denison continues to have the cheapest gas in Texas at $1.49, an eight-cent increase compared to last week. The most expensive gas is in Midland at $1.76 with a three-cent price increase over the last week.

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Even though gas prices are increasing, AAA says that the upcoming Memorial Day weekend will have the cheapest gas for motorists in nearly two decades. In 2003, the statewide average for gas was $1.39 a gallon.

Still, due to the COVID-19 pandemic and the low crude oil demand, for the first time in 20 years, AAA says they will not issue a Memorial Day travel forecast.

“Even with a holiday weekend just ahead, COVID-19 continues to create demand destruction around the state and country,” said AAA Texas spokesperson Daniel Armbruster. “Drivers can expect pump prices to push slightly higher in the days ahead due to rising gasoline demand as some states are lifting stay-at-home restrictions and crude oil prices increase.”

The waiver on the sale of winter-blend gasoline comes to an end this week, and gas stations across the country will begin the switch to summer-blend gas. The difference between the two blends is summer-blend gas has lower Reid Vapor Pressure to stave off excessive evaporation when temperatures rise. Typically, gas prices spike when the switch is made to summer-blend gas, but that is not anticipated due to the COVID-19 pandemic and the low crude oil demand.