Texas Gas Prices Jump 7 Cents as Middle East Tensions Rise
Here we go again! Just when we thought we were on a downward trend with gas prices dropping, even during the 4th of July weekend, that streak has come to an end. The downward trend has stalled, and gas prices have jumped again. Texans need to brace for higher prices.
According to AAA Texas, the average price of unleaded regular gas per gallon in Texas is now $3.41. That is a 7-cent jump from the previous week. The cheapest gas in Texas right now is in Tyler at $3.29 per gallon. El Paso holds strong again as the most expensive, teetering near $4 at $3.91 per gallon.
Texas Gas Prices by City
- Amarillo: $3.45 - Last week: $3.28 - up 17 cents from last week
- Lubbock: $3.45 - Last week: $3.26 - up 19 cents from last week
- Midland: $3.48 - Last week: $3.47 - up 1 cent from last week
- Tyler: $3.29 - Last week: $3.26 - up 3 cents from last week
- Abilene: $3.35 - Last week: $3.46 - down 11 cents from last week
- El Paso: $3.91 - Last week: $3.60 - up 31 cents from last week
Here are the prices for other Texas cities.
The national average this week is $3.84.
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Last week, oil prices were near $78 per barrel. According to OilPrice.com, the cost of Brent Crude is $76.58 per barrel, while WTI Crude is at $72.09 per barrel. Neither of those is a huge jump, but we'll have to wait to see what next week brings.
Why Are Gas Prices Rising Again?
According to AAA Texas Corporate Communications Manager Doug Shupe:
Pump prices have risen in the last few days because of the increased anxiety around worldwide oil supply.
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What This Means for Texas Drivers
As summer vacations are still in full swing, with back-to-school on the horizon, Texans will be paying more out of pocket. Hopefully, this is just a temporary jump, and prices will start dropping again.
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