Texarkana gas prices rise above $2

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Gas prices in Texarkana are back to levels above $2.00.

According to data from AAA Texas, the average price for a gallon of gasoline in the Texarkana area is $2.03, a four-cent price increase from the same time a week ago. The prices are the fifth-highest in the state of Texas. Only Odessa ($2.24), Midland ($2.23), Abilene ($2.13), and El Paso ($2.08) have higher gas prices.

Though prices are above the two-dollar threshold, Texarkana’s prices are still 26 cents lower than the national average.

Prices in Texas have been below $2.00 statewide since the middle of March, the longest streak since 2005 when the state average hit $2 a gallon for the first time.

A huge drop in demand due to the COVID-19 lockdown’s impact on travel and daily commutes has been the primary cause for the drop in gas prices since March. Industry analysts say the crude oil prices have mainly been on the rise over the past few weeks.

“The Texas statewide average has been below $2 a gallon for 300 days,” said AAA Texas spokesperson Daniel Armbruster. “However, the streak could end soon, if only briefly, in response to gradually rising crude oil prices.”

Gas prices in the Sherman-Denison area and the Wichita Falls area is tied for the cheapest in the state at $1.91. Texas is tied with Louisiana for the second-cheapest gas prices in the country at $1.99. Mississippi leads the way at $1.96. Arkansas is sixth at $2.03.