Gas prices down nearly 19% from one year ago, according to AAA Texas

LUBBOCK, Texas (KCBD) - According to AAA Texas, the statewide gas price average is $2.78 per gallon for regular unleaded fuel. That price is two cents less last week and is 65 cents less per gallon compared to time last year.

"Texas gas prices are 18.9 percent lower when compared to one year ago," said Daniel Armbruster, AAA Texas spokesperson. "Fuel price averages are expected to continue to move lower as Autumn begins."

Meanwhile, drivers in the El Paso area are paying the most on average at $3.08 per gallon while drivers in Lubbock are paying the least at $2.58 per gallon.

Right now, the national average price for a gallon of regular gas is $3.22.

According to new data from the Energy Information Administration (EIA), gas demand fell to a six-week low. Meanwhile, total domestic gasoline stocks increased.

AAA Texas says West Texas Intermediate crude remains at $70 per barrel, which is 19% lower than the 2024 high price of $86.91 reached in April. Falling gasoline demand and oil costs will likely keep pump prices sliding.