Texarkana gas prices over $1 higher than same time a year ago

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Gas prices in Texarkana are more expensive, over a dollar more, than they were the same time a year ago.

According to new data from AAA Texas, the average price for a gallon of gasoline in the Texarkana area is $2.67, a one-cent increase compared to the same time a week ago. However, when compared to prices at the same time in 2020, the prices reflect a $1.02 increase.

The prices in the Twin Cities area are also the fifth-most expensive in the state of Texas. Only the El Paso ($2.92), Midland ($2.88), Odessa ($2.82), and San Angelo ($2.70) areas had higher gas prices than the Texarkana area. The prices are also eight cents higher than the statewide average, yet 20 cents lower than the national average.

The cheapest gas prices are in the Sherman-Denison are at $2.42. San Antonio is second at $2.46. Amarillo is third at $2.47. Fort Worth-Arlington area is fourth at $2.51, and the Dallas area is fifth at $2.53.

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Gas prices have dipped slightly as the gas demand has increased across the country with regional supplies growing marginally. Refinery utilization also is the same as it was over the past week. Prices could also continue to drop slowly if the patterns continues, especially if crude oil prices also remain practically flat.

“Retail fuel prices have been practically unchanged since last week,” said AAA Texas spokesperson Daniel Armbruster. “This, as demand for gasoline remained steady week-to-week.”

Mississippi has the cheapest gas prices in the country at $2.58 on average. Texas and South Carolina are tied for the second-cheapest gas prices at $2.59. Louisiana is fourth with $2.62. Arkansas is all the way down to ninth place with $2.68.