Texarkana gas prices up 2 cents

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Gas prices in the Texarkana area continue to rise.

According to new data from AAA Texas, the average price for a gallon of regular unleaded gasoline rose two cents to $2.90, tied with the Abilene area for the fourth-highest gas prices in the state of Texas. The highest prices are in Midland and Odessa where motorists are paying $3.04 on average. Third-highest goes to El Paso at $3.00.

The cheapest gas in the state is in Houston and San Antonio where motorists are paying $2.78 on average, six cents lower than the statewide average and 37 cents lower than the national average.

The latest information from the Energy Information Administration for the week ending in July 9 shows that the U.S. gasoline demand number fell week-to-week from a record high of more than 10 million barrels a day to 9.3 million barrels a day. The weekly regional fuel supply numbers jumped slightly, and Gulf Coast refinery utilization registered flat from the week prior. As demand for fuel has been on the rise over recent month, so have crude oil prices, which is the driving force for why Americans are paying more at the pump. Crude oil prices have fluctuated over the past week as OPEC+ members seek to reach an agreement on global output.

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“The upward trend in gas prices continued for another week, albeit just by a few cents for the statewide average,” said AAA Texas spokesperson Daniel Armbruster. “And while crude oil prices have been on a bit of a rollercoaster lately, they remain elevated from last year, which is why we are all paying more for gasoline.”

The cheapest gas in the country is in Mississippi where motorists are paying $2.78 on average across the state. Second place goes to Louisiana at $2.81, and Alabama is in third place at $2.83. Texas is fourth at $2.84, and Arkansas and Missouri are tied for fifth place at $2.85.