Austin gas prices hold steady as Memorial Day weekend approaches

Record-breaking travel expected on Texas roads for holiday weekend

May 23, 2019 - 8:42 am
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AUSTIN (Talk1370.com) -- With one of the busiest travel weekends upon us, Austin-area gas prices are holding steady after recent declines.

AAA Texas says the average price for a gallon of regular unleaded fuel across Austin is $2.51, holding steady with last week's average. The prices is some 22 cents cheaper than a year ago.

Statewide, the average dropped two cents this week to $2.56, which is about 20 cents cheaper than this time last year. Nationally, drivers are paying an average of $2.84, also two cents cheaper than last week and 12 cents cheaper than a year ago.

Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.76 while drivers in San Antonio are paying the least at $2.40 per gallon.

The upcoming Memorial Day weekend is expected to be a busy one on Texas roads. AAA is forecasting that three million Texans, the highest number on record, will to drive to their Memorial Day weekend destination. That number exceeds last year’s figure by nearly 100,000 people.

Gas prices are getting cheaper for the majority of Texas motorists despite the fact that gasoline stocks remain lower compared to this time one year ago. Crude oil prices have remained relatively stable recently, which is one reason gas prices are cheaper than last year at this time.

Across the U.S., motorists can find gas for $2.75 or less at nearly half of all gas stations in the country.

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