Gas prices in Texarkana spike 11 cents

Gas prices

Gas prices in the Texarkana area saw a jump over the past week.

According to new data from AAA Texas, the average price of the gallon of regular unleaded gasoline rose to $2.14, an 11-cent spike over the past seven days. The prices reflect the seventh-highest in the state of Texas. Only El Paso ($2.36), Odessa ($2.30), Midland ($2.26), and Abilene, Dallas, Fort Worth ($2.16), have higher gas prices than Texarkana. While the Twin Cities’ gas prices are a cent higher than the statewide average, they are still cheaper than the national average at $2.36.

The cheapest prices in Texas are still out in the Sherman-Denison area at $1.96. The cheapest gas in the country is in Mississippi at $2.06. Louisiana is Second at $2.08, and Missouri is third at $2.09. Oklahoma and Texas are tied for the fourth-cheapest prices at $2.10. Arkansas is in sixth place at $2.12.

Prices in Texas broke a 301-day streak where the average was below $2 a gallon. It was the longest streak since 2005 when the statewide average hit $2 a gallon for the first time. Higher crude prices are generally behind the rise in pump prices. Nonetheless, demand for retail gasoline is at a lower level than it was a year ago at this same time due to the lockdowns and rollbacks.

“Gasoline has been on the rise for the last few weeks due to higher crude oil prices,” said AAA Texas spokesperson Daniel Armbruster. “However, demand for gasoline remains lower than this time last year, which could result in lower gas prices in the weeks ahead as winter sets in across the country.”