Gas prices jump 13 cents in Texarkana

Texarkana

Gas prices are getting more expensive in Texarkana.

According to new data released from AAA Texas, the average price for a gallon of regular unleaded gasoline in the Texarkana area was $1.84. The price is the fifth-highest in the state of Texas, a full four cents above the statewide average.

The gas prices are up 13 cents from a week ago. A year ago, the price was $2.31 a gallon in the Texarkana area.

The cheapest gas in Texas can be found in Lubbock and the Sherman-Denison area, both of which tied at $1.70 per gallon on average, and also are the third-cheapest of any metro area surveyed by AAA. The most expensive gas in the state is in Midland and Odessa, which tied at $1.88.

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Texas is fifth in the nation in cheapest gas on average at $1.80. Arkansas tied with Alabama for third at $1.78 per state. Louisiana had the second-cheapest gas at $1.74, and Mississippi has the cheapest gas in the nation with a statewide average of $1.71 per gallon.

The last time the state of Texas saw gas prices below $2 per gallon to start June was in 2005. However, gas is expected to be more expensive as demand increases. The trend is expected to increase across the country, though experts anticipate the summer to be one of the cheapest in recent memory.

“Texas hasn’t seen gas prices this low at the beginning of June since 2005,” said AAA Texas spokesperson Daniel Armbruster. “Demand for retail gasoline continues to rise forcing pump prices up for drivers. While gas prices are increasing, Texas has the fifth lowest gas price average of any state in the country at $1.80 per gallon.”

The demand for U.S. gas is increasingly strong. The Energy Information Administration’s latest reading indicates a 4% weekly increase at 7.9 million barrels per day, which is roughly two million barrels less than the same time in 2019. Nonetheless, the demand is at its highest since states began stay-at-home orders in March.