Submitted by AAA Texas
The statewide gasoline worth common in Texas set a brand new report in a single day. The present worth common is $4.34 for a gallon of normal unleaded gas, in response to the AAA Texas Weekend Gas Watch. That worth is eight cents greater than on this present day final week and is $1.63 extra per gallon in comparison with this present day final 12 months. Of the foremost metropolitan areas surveyed in Texas, drivers in El Paso are paying essentially the most on common at $4.54 per gallon whereas drivers in Lubbock are paying the least at $4.16 per gallon. The nationwide common worth for a gallon of normal unleaded is $4.71, which is the very best worth ever recorded by AAA, is 11 cents extra when in comparison with this present day final week and $1.67 greater than the worth per gallon at this identical time final 12 months.
After a really busy begin to the summer time driving season, the statewide gasoline worth common hit yet one more report excessive Thursday. This spike is primarily pushed by the oil market watching the chance that provides might grow to be tighter as COVID lockdowns ease in China and the European Union will part in a ban of most Russian oil merchandise. Keeping a cap on oil costs from skyrocketing additional are studies that Saudi Arabia stated it’s ready to extend oil manufacturing to make up for the lack of Russian oil out there.
“New retail gas price records continue to be set across the state as crude oil prices remain elevated due to tight supplies around the globe,” stated AAA Texas spokesperson Daniel Armbruster. “Prices will likely continue to fluctuate with relief likely not coming until after the busy summer travel season concludes.”
Texans planning to take a street journey this summer time can use the AAA Gas Cost Calculator to estimate the price of gas for his or her journey. Simply enter your route and this device will generate an estimated gas value. Go to gasprices.aaa.com to seek out the calculator and newest gasoline worth averages in Texas and throughout the U.S.