Texas gas price average hits a record high overnight

WACO, Texas (KWTX) – Texas fuel costs have set an in a single day file within the state’s fuel worth common.

In response to AAA Texas, the present worth common is $4.34 for a gallon of normal unleaded gas that’s eight cents greater than on this present day final week and is $1.63 extra per gallon in comparison with this present day final yr.

Of the main metropolitan areas surveyed in Texas, drivers in El Paso are paying probably the most on common at $4.54 per gallon whereas drivers in Lubbock are paying the least at $4.16 per gallon.

The nationwide common worth for a gallon of normal unleaded is $4.71, which is the very best worth ever recorded by AAA, is 11 cents extra when in comparison with this present day final week and $1.67 greater than the value per gallon at this similar time final yr.

After a really busy begin to the summer time driving season, the statewide fuel worth common hit yet one more file excessive Thursday.

The spike is primarily pushed by the oil market watching the likelihood that provides could turn into tighter as COVID lockdowns ease in China and the European Union will section in a ban of most Russian oil merchandise.

Protecting a cap on oil costs from skyrocketing additional are reviews that Saudi Arabia mentioned it’s ready to extend oil manufacturing to make up for the lack of Russian oil out there.

“New retail fuel worth information proceed to be set throughout the state as crude oil costs stay elevated because of tight provides across the globe,” mentioned AAA Texas spokesperson Daniel Armbruster. “Costs will doubtless proceed to fluctuate with aid doubtless not coming till after the busy summer time journey season concludes.”

Drivers in Texas are paying the ninth lowest fuel worth common within the nation.

Drivers in California are paying probably the most at $6.21 on common for a gallon over common unleaded.

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