The statewide average price for a gallon of regular unleaded dropped a nickel on the week to $2.51, AAA reported Thursday, continuing a weekslong dip in prices as the summer driving season picks up.
The Texas average price is now 27 cents lower than during this time last year. At the same time, the U.S. average price at the pumps dipped 2 cents on the week, settling at $2.82 a gallon — 14 cents lower than in 2018.
Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.76, while drivers in McAllen are paying the least at $2.34 per gallon.
Closer to home, the drop in gas prices was more pronounced across the Dallas-Fort Worth region, with the average price falling 9 cents in Dallas, to $2.51 a gallon, and 9 cents also in Fort Worth-Arlington, to $2.50 a gallon.
In Denton, GasBuddy.com on Thursday listed the lowest available price as $2.28 a gallon, found at Buc-ee’s off southbound Interstate 35E near Brinker Road.
Pump prices in many parts of Texas were a dime more at the start of May, on average, compared with current prices, AAA noted. Stable crude oil prices are helping to push prices down at the pump despite tight domestic gasoline supply and robust demand. A bump in demand could push prices back up.
Seven South and Southeast states make the top 10 list for largest yearly savings at the pump: Florida (-31 cents), New Mexico (-27 cents), Louisiana (-24 cents), Texas (-24 cents), Georgia (-24 cents), Mississippi (-23 cents) and Alabama (-23 cents), According to AAA. In the region, Oklahomans are seeing the smallest year-over-year gas price change at -14 cents.