The statewide gas price average in Texas is $2.80 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is five cents more than on this day last week and is 91 cents more per gallon compared to this day last year.
Of the major metropolitan areas surveyed in Texas, drivers in El Paso and Odessa are paying the most on average at $3.06 while drivers in the Amarillo area are paying the least at $2.70 per gallon. The national average price for a gallon of regular unleaded is $3.12, which is four cents more when compared to this day last week and 94 cents more than the price per gallon at this same time last year.
According to the latest data from the Energy Information Administration for the week ending June 25, the U.S. gasoline demand decreased from the week prior by about three percent.
Higher demand numbers are likely, however, as we head into the holiday weekend. Weekly regional fuel supply numbers stayed practically the same, and Gulf Coast refinery utilization registered flat from the week prior. Global market optimism for oil and gas demand has increased pump prices to the highest they’ve been in Texas for the Independence Day holiday in seven years.
The greatest number of Texans on record, approximately 3.7 million total, are expected to travel during the Independence Day holiday weekend (July 1–5), according to travel forecast data from AAA Texas. A closer look at the travel forecast, which AAA started in 2000, shows more Texans than ever will drive to their Independence Day destinations, about 3.3 million.
That is a 41% jump from last year and a 10% increase from 2019.
“As millions of Texans are planning to hit the road in celebration of Independence Day, they are going to fill up with the most expensive July 4th average price for a gallon of regular unleaded since 2014,” said AAA Texas spokesperson Daniel Armbruster. “The good news for drivers in Texas is that the Lone Star State continues to feature some of the cheapest prices in the nation, ranking third lowest according to gasprices.aaa.com.”
