There was no change in the price of gas in the Texarkana area over the past week.
According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline in the Texarkana area was $2.67, no change compared to the same time a week ago. The gas prices are tied with the San Angelo area for the fifth-most expensive gas prices in the state of Texas.
The most expensive gas in Texas is out in El Paso at $2.89, a price drop of one cent over the past week. The cheapest gas in the state is out in San Antonio, where motorists are paying $2.40, a three-cent price drop compared to the same time a week ago.
Compared to the same time last year, Texarkana’s $2.67 is a $1.21 price increase. Motorists were paying $1.46 on average in the Twin Cities.
The latest information from the Energy Information Administration indicates that the demand for U.S. gasoline dropped below nine million daily barrels, which is a 2% decline week-to-week. Regional fuel supplies increased, and Gulf Coast refinery utilization registered higher as well, an increase to almost 90%. Crude oil prices have also been rising, sitting at $65 per barrel for West Texas Intermediate on Thursday morning.
“Texas drivers are seeing some stability at the pump when compared to last week,” said AAA Texas spokesperson Daniel Armbruster. “However, market forecasts still suggest that prices will likely rise as we head into the summer driving season, but by how much remains to be seen.”
Mississippi continues to lead the way with the cheapest gas prices in the country at $2.57. Texas is not far behind at No. 2 with $2.58 as the average price for a gallon of gas. South Carolina and Louisiana are tied for third at $2.60. Alabama is $2.63 in fifth place. Arkansas is tied with Tennessee at No. 9 with a $2.68 per gallon average. Gas prices are $2.89 across the country, a one-cent increase over the last week.