Texarkana drivers to pay sub-$2 gas prices for 4th of July

Texarkana

Texarkana drivers will pay less than $2.00 at the gas pump for the Independence Day holiday.

According to new data from AAA Texas, the average price for a gallon of gas in the Texarkana area is $1.92, down one cent from the same time one week ago. The prices are tied with the San Angelo area for the fourth-most expensive gas prices in the state. Midland and Odessa are tied for the top spot at $1.99 and Abilene is seeing $1.98 gas. The Sherman-Denison area has the cheapest gas in Texas at $1.79.

The statewide average is $1.89 and has stayed the same since last week, and it will be the first time since 2004 that Lone Star State drivers have paid less than $2.00 for a gallon of gas on Independence Day. Texas claims the No. 5 spot for least expensive gas. Alabama is No. 4 at $1.88 while Arkansas takes third place at $1.87. Louisiana is $1.85 while Mississippi remains No. 1 with $1.82 gas.

Nationally, the average price for gas is $2.18, which is one cent higher than this same time last week. Compared to 2019 at the same time, drivers were paying 55 cents more per gallon.

“Texas gas prices haven’t been this low heading into Independence Day since the early 2000’s, said AAA Texas spokesperson Daniel Armbruster. “Demand for gasoline has been fluctuating and took a slight drop this week, causing pump price increases to slow heading into the holiday weekend.”

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The Energy Information Administration says gas demand took a small step back from 8.61 million barrels per day last week to 8.56 million barrels per day. Along with the decreasing demand, the total domestic gasoline supplies grew to 256.5 million last week, a growth of 1.2 million barrels.

Texas’ average holding steady indicates that gas supply and demand are mostly synchronized across the state. If the trends continue, pump prices could slowly increase or hold steady through the holiday weekend.