The gas in Texarkana isn’t getting any cheaper, and it is the same price as it is in Dallas.
According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline was $2.24, a three-cent increase over the past week. The gas prices are tied with the Dallas and Fort Worth areas for the fourth-most expensive gas in the state of Texas. Only El Paso ($2.47), Odessa ($2.38), and Midland ($2.36) have higher gas prices. Texarkana’s gas prices are four cents above the statewide average yet 25 cents lower than the national average.
The price of gasoline is on the rise as the price of crude oil keeps increasing. According to market analysts, this is because there is an optimism about COVID-19 vaccines, which could renew demand later this year. Furthermore, oil production has been cut by members of OPEC+. The demand for gas is still lower than it was the same time last year and regional supplies are back to levels not seen since August of 2020.
“COVID-19 concerns continue to keep gasoline consumption lower than this same time last year,” said AAA Texas spokesperson Daniel Armbruster. “However, the crude oil market is betting on renewed demand later this year, and this is causing crude and, in turn, pump prices to go up.”
Texas’ $2.20 is the second-cheapest gas in the country; only Mississippi has cheaper gas on average at $2.16. Louisiana is third at $2.21. Alabama is fourth at $2.23. Arkansas is in a four-way tie for fifth with South Carolina, Missouri, and Oklahoma at $2.24.