Texarkana gas prices rise 5 cents over past week

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Texarkana gas prices

Gas prices in the Texarkana area keep increasing.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline in the Texarkana area rose by five cents, from $2.16 to $2.21 over the past week. The prices represent the fifth-most expensive gas prices in the state.

The most expensive gas is in Abilene where drivers are paying $2.36 on average for regular unleaded fuel. The cheapest prices in Texas are in Sherman-Denison where motorists pay $2.05 on average for gas.

Texas’ statewide average of $2.16 is the third-lowest in the nation. Only Mississippi ($2.13) and Missouri ($2.15) have lower prices than Texas. Oklahoma is fourth at $2.18, Louisiana fifth at $2.19, and Arkansas sixth at $2.20.

Market analysts attribute the rise in gas prices to similarly rising crude oil prices, which have been trading at higher prices due to optimism about COVID-19 vaccines renewing demand later this year and oil production cuts promised by OPEC+.

“Typically, this time of the year, gas prices trend downward,” said AAA Texas spokesperson Daniel Armbruster. “That is not the case this year as crude oil continues to price at levels not seen since mid-February 2020.”

A year ago, gas prices in Texarkana were $2.09, 12 cents lower than today.