LUBBOCK, Texas – Retail gasoline prices continued to rise this week in Lone Star State due to demand, according to the AAA Texas press release.
The statewide average price for a gallon of regular unleaded fuel was reported at $ 2,841 on Saturday and was trending upward.
“The upward trend in gas prices continued for a week, but only pennies above the state average,” AAA Texas spokesman Daniel Armbruster said. “And although crude oil prices have been on a roller coaster of late, they remain high compared to last year, which is why we all pay more for gasoline.”
The auto club noted that Texas drivers were paying on average the 4th lowest gas price across the country this week.
The national average price of a gallon of regular unleaded gasoline was reported at $ 3.167 on Saturday and was trending upward.
The latest data from the Energy Information Administration (EIA) showed that weekly gasoline demand in the United States had fallen from a record high of over 10 million barrels per day to 9.3 million barrels per day.
The EIA said weekly regional fuel supply figures increased slightly and Gulf Coast refinery utilization remained stable from the previous week.
AAA Texas has said that rising crude oil prices are the biggest factor in what Americans pay at the pump.
Crude oil prices have fluctuated this week as OPEC + members try to reach a deal on global production.
In Lubbock, AAA Texas reported that the average retail price was $ 2.801 on Saturday.
The GasBuddy.com website reported an average retail price of $ 2.77 here in the central city. The website also noted that readers could find regular prices for unleaded gasoline as low as $ 2.64 a gallon in Lubbock.