Current Gas Price in Texas Increases for Three Consecutive Weeks

After declining for several months, Abilene and Texas as a whole have seen increasing gasoline prices for three straight weeks, although Abilene prices still stay below the average of the state and the entire nation.

According to Doug Shupe of the AAA in Texas and New Mexico, the current gasoline price Texas average for regular is $3.36 per gallon. But in spite of the rise, the average expense of drivers in Texas is still lower by 25 cents compared to the same period last year.

Texas-wide, Dallas drivers are spending the highest as the city’s current gasoline price is $3.40 a gallon, while those in El Paso are spending the cheapest on gas, at $3.17 a gallon.

Texans are spending around $47 to fill the fuel tank of a typical midsize vehicle.

In other parts of the country, the average gas price today is $3.49 per gallon. The state with the highest price of gasoline is Connecticut with an average of $3.82 per gallon, said the AAA. On the other hand, the lowest gas price is $3.16 per gallon in South Carolina.

Shupe said that gasoline prices usually rise during the travel months of the summer. However, he said that another factor that contributes to the increase is the per barrel crude prices that have grown over the past month. The rise in oil prices is caused by worries of tensions in the Middle East and on the weakening global economy, particularly in Europe and China. Shupe concludes that the circumstances worldwide certainly affect gasoline prices in the United States.

Moreover, the intense heat in the past weeks that was felt in many parts of the U.S. has an impact on the energy market.

Several analysts do not expect the average gas price today to decline until the middle or the latter parts of September, said Shupe. The prices of gasoline fluctuate every day and there are a lot of factors, so there is no way of knowing right now where the prices will be headed.

By: Chris Termeer