Gas prices drop 1 cent in Texarkana

gas prices

Gas prices in the Texarkana area are cheaper over the past week, but only by a cent.

According to new data from AAA Texas, the average price of a gallon of regular unleaded gasoline was $1.92, the fifth-most expensive in the state. Only El Paso ($2.07), Odessa ($2.06), Midland ($1.98), and Abilene ($1.95) have higher prices than in the Texarkana area.

The cheapest gas can be found in the Sherman-Denison area with prices of $1.72, a full nine cents lower than Lubbock, San Antonio, and Houston, which are gridlocked for the second-cheapest gas prices as $1.81.

Historical data from AAA Texas says that the 216 days Texas drivers have been paying for sub-$2 on average is the longest on record. COVID-19 concerns are depressing the gas demand well below that of 2019, which led to cheaper fuel prices since March.

“Motorists in the Lone Star State have been filling up with fuel at under $2 per gallon on average since mid-March,” said AAA Texas spokesperson Daniel Armbruster. “It appears as though the market remains balanced despite many variables, including a busy hurricane season in the Gulf of Mexico and lower than normal demand due to COVID-19 concerns.”

Texas has the third-cheapest gas on average at $1.87. Mississippi has the cheapest at $1.85 and Missouri the second-cheapest at $1.86. Arkansas and Oklahoma are fourth-cheapest at $1.88. Louisiana is tied with Alabama for sixth-cheapest at $1.91.