AAA Texas: San Antonio gas prices down, Texas holding steady before Trump Administration
SAN ANTONIO (KTSA News) — Many are expecting the price of gas to come down as the United States moves towards the second term of President-elect Donald Trump.
But this will take some time.
For right now, the average price for a gallon of regular unleaded in San Antonio is $2.63, a 16-cent drop week-over-week. That price is also 39 cents more than what you were paying at this time in 2019.
Still, the statewide average price for regular unleaded held steady at $2.69 despite recent storm activity in the Caribbean Sea.
“Our data shows that Texans are seeing steady and relatively low gas prices, with the state average at $2.69 per gallon, which is even lower than this time last year,” said Daniel Armbruster, AAA Texas spokesperson. “While we’re monitoring tropical activity as it develops in the Caribbean, there’s currently no threat to Gulf oil and gas operations.”
Armbruster also says demand for gasoline is dropping ahead of Thanksgiving, and supply is on the rise. As a result, drivers throughout the state should continues to benefit from stable conditions at the pump.
Of the major metropolitan areas surveyed in the Lone Star State, drivers in Dallas-Fort Worth are paying the most on average at $2.83 per gallon while drivers in Lubbock are paying the least at $2.49 per gallon.
The national average price for a gallon of regular unleaded is $3.08, which is three cents less when compared to this day last week and 27 cents less per gallon when compared to this day last year.
AAA is monitoring soon to be Tropical Storm Sara as it develops in the Caribbean. There is currently no threat to oil and gas operations in the Gulf. However, this may change as the storm tracks northward.
According to this week’s report from the Energy Information Administration, gasoline demand has decreased, while supply levels have risen. Additionally, crude oil prices have softened, with West Texas Intermediate crude trading at $68 per barrel, down $1 from last week. Crude oil remains the primary ingredient in gasoline production.