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Gas prices drop slightly for first time in a month

July 25, 2019 - 7:52 am
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AUSTIN (Talk1370.com) -- Prices at the pump are down slightly for the first time in slightly more than a month, according to AAA Texas.

The average price for a gallon of regular unleaded fuel in the Austin-San Marcos metro area is $2.47 this week, down three cents from last week and 14 cents cheaper than a year ago.

Statewide, drivers are seeing an average price of $2.51, which is down three cents this week. That's 12 cents cheaper than a year ago. Nationally, drivers are paying an average of $2.75 a gallon, down four cents this week and 10 cents cheaper than a week ago.

Drivers in Midland continue to pay the most on average at $2.68 a gallon; McAllen drivers are paying the least this week, at $2.36 a gallon.

Texas, along with most other states, have seen gas prices remain stable or even decrease week-over-week. This is the first time in four weeks that statewide and national averages have seen a weekly decline. "Gasoline stocks remain ample amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back," said Joshua Zuber with AAA Texas. "It is too soon to know if this downward trend will continue, but it is certainly a welcome relief for motorists during the summer driving season."

Market analysts will be watching to see if oil prices will be impacted by further U.S.-China trade talks and tensions in the Middle East.

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