Texarkana has 5th-most expensive gas in Texas

Texarkana

Gas prices in the Texarkana area are among the most expensive in Texas.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline was $1.85 on average in Texarkana, ranking as the fifth-most expensive in the Lone Star State.

The prices are a one-cent increase over the last week, and are three cents higher than the statewide average. Compared to a year ago at the same time, gas prices were $2.27 a gallon.

The most expensive gas on average is in El Paso where drivers are paying $1.94 a gallon. The least expensive gas is in Sherman-Denison and also Amarillo, where motorists are paying $1.71 a gallon.

Four Texas cities claimed places in the top-10 for cheapest gas in the nation, where the average is $2.11 a gallon. Sherman-Denison and Amarillo were each tied for the top spot. Lubbock claimed fourth place at $1.73 and Tyler was ninth at $1.75.

Texas has the fifth-cheapest gas in the country at $1.82. Arkansas and Alabama are tied for third place with $1.81. Louisiana is second at $1.78, and Mississippi is first at $1.75.

Although drivers are returning to the roadways and paying more at the gas pump, driving up gas consumption, market analysts do not predict prices to spike to usual summertime levels due to the low demand.

Over the last week, gas stocks rose by 100,000 barrels to 91.7 million barrels. The Energy Information Administration reports that refinery utilization rates are nearly 78%, a drop of 2% over the last week. The slow increase in stocks and refinery rates usually would mean smaller increases at the pump, particularly when the utilization rate is at its highest point in two months. Drivers may see prices increase at a slower rate in the week ahead given these latest spikes.