Austin-area gas prices hold steady ahead of Christmas travel

Talk 1370 Newsroom
December 20, 2019 - 8:23 am
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AUSTIN (Talk1370.com) -- Gas prices are holding steady across Central Texas as an expected record-breaking holiday travel season begins, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded fuel in the Austin area is $2.22; that's the same as last week and 16 cents higher than last week. Across the state, drivers are paying an average of $2.23, one cent less than last week and 20 cents higher than a year ago; drivers across the country are seeing an average of $2.55 a gallon, down two cents from last week.

Drivers in Odessa are seeing the state's highest average at $2.45 a gallon, while Tyler is seeing the state's lowest average at $2.14 a gallon.

Analysts say the cold weather is prompting lower demand for gasoline, pushing prices down - but an expected record-breaknig travel season could stop that, at least temporarily. "More Texans than ever - 9.3 million - will travel this holiday season, from Saturday, December 21 through Wednesday, January 1, with the vast majority - 8.6 million - traveling by automobile," said Daniel Armbruster with AAA Texas. "Demand for retail gasoline is following normal December trends by decreasing as the weather turns colder, creating cheaper gas prices just in time for the holidays."

Regional gasoline stocks have been consistently building since the beginning of November. This is a trend that should continue into the new year and bring even cheaper gas prices for motorists in the region.

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