Texas Gas Prices Hit $3.93 Amid Crude Oil Spike
The average regular unleaded gasoline price in Texas rose to $3.93 per gallon on Thursday. This marks a 10-cent increase from the previous week and a $1.14 jump year-over-year.
The average regular unleaded gasoline price in Texas rose to $3.93 per gallon on Thursday. This marks a 10-cent increase from the previous week and a $1.14 jump year-over-year. The trend defies the typical seasonal decline seen after summer travel ends.
Regional Price Variations
El Paso drivers face the highest average cost at $4.41 per gallon. Houston drivers pay the least at $3.83 per gallon. Amarillo residents are paying an average of $3.96 per gallon. This local figure is 15 cents higher than last week and $1.21 higher than the same day last year.
Crude Oil Drives Costs
Crude oil prices are hovering near $100 per barrel. This level creates significant upward pressure on retail fuel costs. Daniel Armbruster of AAA Texas noted that this trend is unusual for the season. He warned that Texas could record its most expensive September statewide average if relief does not arrive soon.
Market Outlook for September
Persistently high crude oil prices are pushing pump costs in the opposite direction of historical norms. Data from GN auto markets/energy: gasoline prices confirms the upward trajectory. Drivers should expect continued volatility until the oil market stabilizes below the $100 threshold.
