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AAA: Texas gas prices drop for first time in 14 weeks

May 09, 2019 - 8:59 am
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AUSTIN (Talk1370.com) -- Relief at the pump? Despite a small decrease this week, don't count on it being a long-lasting trend.

AAA Texas says the average price for a gallon of regular unleaded fuel across the state of Texas dropped three cents this week to $2.59. It's the first time the average has dropped in 14 weeks - since early February, when the statewide average was $1.97. Compared to last year, prices are four cents cheaper.

Closer to home, the average across the Austin area fell one cent to $2.53 a gallon - six cents cheaper than a year ago. Nationwide, drivers are also paying a little less - down one cent this week to $2.88 a gallon.

While gasoline demand remains robust, gasoline inventories built for the first time since early February, which was a surprise, and contributed to a very small drop in gas price averages. Twenty-seven states saw gas prices decrease or hold steady on the week.

AAA's Daniel Armbruster said the decline isn't the start of a downward trend. "While the price is slightly lower compared to last week, it’s not likely this will be a long-lasting trend as demand for gasoline remains robust and summer driving season is right around the corner."

Across Texas, drivers in Midland are paying the most on average at $2.76 while drivers in San Antonio are paying the least at $2.45 per gallon.

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