AAA: Texas, Austin gas prices remain low despite tropics

Talk 1370 Newsroom
September 17, 2020 - 7:45 pm
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AUSTIN (Talk1370.com) -- Despite recent tropical activity in the Gulf of Mexico, gas prices across Texas are holding steady or down slightly in this week's AAA Texas Weekend Gas Watch.

The average price for a gallon of regular unleaded in Austin is $1.88 this week, the same as last week and 41 cents cheaper than a year ago. Across the state, drivers are paying an average of $1.86, down three cents from last week and 45 cents cheaper than a year ago.

Drivers in Odessa are paying the most on average at $1.97, while drivers in Sherman/Denison are paying the least at $1.71 per gallon.

Across the country, drivers are paying an average of $2.18, down three cents this week and 41 cents cheaper than a year ago.

With the unofficial summer driving season finished, the average price for a gallon of regular unleaded in Texas dropped for the third week in a row. The demand for fuel across the country is below levels at this same time last year, which is helping to push gasoline cheaper. Retail gas sales are down by 16 percent compared to this time last year, according to Oil Price Information Service. Also, pump prices could continue to trend cheaper as winter blend gasoline is reintroduced into the market as early as this week.

"After the lowest summer gas price average for Texas drivers in 16 years, cheaper fuel continues to flow, even with tropical weather interrupting the oil and gas industry in the Gulf once again," said AAA Texas' Daniel Armbruster. "Prices are dropping due to lower than normal gasoline demand as COVID-19 concerns remain and summer driving season is winding down."

Texas has the country's second lowest gas price average, according to AAA.

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