AAA Texas: Gas prices keep falling with dip in demand, supply increase | KLBK | KAMC

LUBBOCK, Texas — Retail gasoline price ranges across the Lone Star State ongoing to fall this week, in accordance to a push release from AAA Texas.

The statewide average selling price for a gallon of typical unleaded fuel in Texas was described at $4.069 on Saturday. Selling prices had been trending downward.

“Regional fuel provide ranges have amplified, and crude oil costs have dipped lately because of to concerns of a probable economic slowdown. Even so, demand for leisure travel continues to be solid as July is one particular of the most well known months for holiday road journeys in the U.S.,” claimed AAA Texas spokesperson Daniel Armbruster.

Texas drivers have been spending the 4th cheapest fuel selling prices on typical throughout the country this week.

The maximum fuel price ranges in the point out this week were being claimed in Bryan/Faculty Station. The most economical gas selling prices ended up documented in Laredo.

Texas recorded its best fuel rate average on June 15, 2022 at $4.695 a gallon

The nationwide average value for a gallon of regular unleaded gasoline was documented at $4.548 on Saturday. Selling prices were trending downward.

Current data from the U.S. Electrical power Facts Administration showed demand for gasoline dropped by close to 14% this prior 7 days just after a really chaotic Independence Working day Holiday break weekend. Regional gasoline source also increased.

Assisting even further lower the price of retail fuel are falling crude oil selling prices, which have been below $100 the past number of days as industry analysts excess weight issues about a achievable financial slowdown.

West Texas Intermediate crude ended the week at $97.59 a barrel, though Brent crude finished at $101.16 in accordance to OilPrice.com.

The U.S. recorded its best gasoline rate average on June 14, 2022 at $5.016 a gallon.

Meanwhile, the common retail value for a gallon of common unleaded gasoline in Lubbock was described at $4.061 on Saturday. Charges were being also trending downward.

Lubbock recorded its maximum gas selling price typical on June 14, 2022 at $4.520 a gallon.

The website GasBudddy.com reported an regular retail price of $4.02 listed here in the Hub Town. Nonetheless, costs were claimed as minimal as $3.68 for a gallon of common unleaded.