Texarkana gas prices 5th-costliest in Texas

Texarkana

Gas prices in Texarkana are in the top-5 for most expensive in the state of Texas.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline in the Texarkana area was $1.93, up one cent from a week ago at the same time. Compared to prices a year ago at the same time, drivers in the Twin Cities area are paying 49 cents less for a gallon of gas.

The costliest gas in the state is in Odessa at $2.04. Nearby Midland is second with $2.02. Abilene is third with $1.99, and El Paso is fourth with $1.98.

The cheapest gas in Texas is in Victoria at $1.79, which is also the third-cheapest gas price average in the nation, according to AAA Texas.

Texas’ weekly average dropped for the first time in two months, according to the AAA’s gas price rankings. Texas’ statewide average of $1.88 ties the Lone Star State with its neighbor, Arkansas, for the third-cheapest gas in the United States. Texas drivers are paying 59 cents less on average compared to a year ago at the same time.

Louisiana is second with $1.85, and Mississippi is still No. 1 with $1.83.

Market analysts believe the minor change comes as regional gas stocks build, plus the nation’s demand for gas is weak compared to the same time a year ago. The subtle price change over the past week could be due to the rise of COVID-19 cases in some parts of the country, which may influence Texans to consider whether or not they should go out.

“AAA forecasts that most people in our region of the country will choose the car over any other mode of transportation if traveling this summer,” said AAA Texas spokesperson Daniel Armbruster. “While most people will drive, demand for gasoline may fluctuate in the coming weeks due to reports that coronavirus cases have increased in some states, which could impact pump prices.”