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Gas Watch: Austin-area prices dip slightly this week

June 14, 2018 - 8:04 am
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AUSTIN (KJCE) -- Gas prices continue to dip slightly, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded in the Austin area is $2.70 this week, down two cents from last week's average of $2.72. That price is 55 cents higher than a year ago.

Across Texas, the statewide average dipped three cents to $2.73; while the national average dropped four cents to $2.90.

Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $3.09 while drivers in Brownsville and McAllen are paying the least at $2.58 per gallon.

According to a AAA survey conducted earlier this year, only one in three (33 percent) respondents said they would change travel plans if gas prices hit $3, while nearly half (47 percent) say $3.50 would be the game changer for their summer plans. With strong summer consumer gasoline demand expected in the months ahead, market analysts anticipate motorists can expect little relief at the pump with the national gas price average ranging between $2.85 - $3.05 through Labor Day.

Gas prices continue to dip across the country, but remain nearly 50 cents more expensive than last summer in every state. In Texas, drivers are paying, on average, $8.12 more for a tank of gas compared to this time last year.

"For the second straight week gas prices are falling across Texas, giving drivers some relief at the pump as they prepare for summer vacation," said Daniel Armbruster with AAA Texas. "Before taking off on summer road trips, drivers should make certain their vehicle is prepared to avoid breakdowns. The top reasons AAA Texas responds to roadside emergencies during summer months are battery, tire and engine problems."

Gas prices are getting cheaper, slowly, but surely in the South and Southeast. With this week’s drops, Florida has seen an 11-cent decrease since Memorial Day. On the week, gas prices in the region are six to one cent cheaper in every state.

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