SAN ANGELO, TX – San Angelo drivers are paying an average of $2.95 per gallon for regular unleaded gasoline as of October 24, 2024, an increase of 7 cents compared to last week. A year ago, drivers in San Angelo were paying $3.03 per gallon, meaning prices have dropped by 8 cents over the past 12 months.
Meanwhile, the statewide average gas price in Texas has dropped by 10 cents to $2.71, according to AAA Texas’ Weekend Gas Watch report. The statewide average is 32 cents less than this time last year.
AAA Texas
Statewide, Texas drivers are seeing an average of 32 cents less per gallon than they did this time last year. The national average is $3.15 per gallon, a decrease of 5 cents from the previous week and 39 cents lower than this time in 2023.
Of the major metropolitan areas surveyed in Texas, El Paso reported the highest average price at $3.04 per gallon, while Lubbock had the lowest at $2.59 per gallon.
According to the Energy Information Administration, the supply of crude oil and refined gasoline stocks is increasing. EIA data estimates that U.S. crude oil stocks are up by 5.5 million barrels and U.S. gasoline inventories rose by 900,000 barrels. Meanwhile, demand is leveling out following Hurricanes Helene and Milton. If supplies remain healthy and demand continues on typical fall patterns, gasoline prices will likely continue to decline.
“The statewide gas price average dropped 10 cents per gallon this week,” said Daniel Armbruster, AAA Texas spokesperson. “Fuel prices could decline even further as supplies remain healthy and demand is settling into typical autumn patterns.”
Subscribe to the LIVE! Daily
Required
Post a comment to this article here: