Gas prices drop one cent in Texarkana

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Gas prices in the Texarkana area are getting cheaper, but not by much.

According to the latest information from AAA Texas, the average price for a gallon of regular unleaded gasoline went down from $2.94 to $2.93. The prices still represent the fourth-highest gas prices in the state of Texas. Only El Paso ($3.07), Odessa ($3.01), and Midland ($3.00) have higher prices at the pump on average.

52 weeks ago — a year — drivers in Texarkana were paying $1.92 per gallon on average.

The lowest prices in the state can be found in San Antonio, where drivers are paying an average of $2.71 per gallon at the pump. The second-lowest Texas prices are in Amarillo and Waco where motorists are paying $2.77.

According to the latest data from the Energy Information Administration for the week ending August 13, the U.S. gasoline demand number fell marginally week-to-week but remains elevated from this time last year. Weekly regional fuel supply numbers increased, and Gulf Coast refinery utilization registered practically the same from the week prior. These factors have likely helped keep prices at the pump stable in many areas from last week. Market crude oil prices have been falling in recent days; however, drivers are unlikely to see much of a savings in the immediate, but could see relief this fall with the switchover to winter blend fuel.

“Demand for retail gasoline remains strong and much higher than last year, which is why pump prices are elevated from 2020,” said AAA Texas spokesperson Daniel Armbruster. “Industry analysts will be watching to see if decreasing demand numbers and less expensive crude oil will contribute to gas prices dropping by early next month.”

Mississippi continues to lead the way with the lowest prices at $2.79. Louisiana is second at $2.83. Texas and Alabama are tied for third at $2.84. Missouri, Tennessee, and Arkansas are log-jammed in fifth place at $2.87 per gallon.