Retail gas prices stabilizing after recent attacks on Saudi Arabian oil facilities

SAN ANTONIO (KTSA News) – After a brief spike following the attacks on Saudi Arabian oil facilities earlier this month, prices at the pump are going down.

AAA Texas reports the statewide average cost for a gallon of regular unleaded is $2.37, two cents down from last week.

“We’re seeing some stabilization in the crude oil market, plus we’re seeing demand dropping for gasoline. We expect that this time of the year,” said Josh Zuber with AAA Texas.

He told KTSA News we’re also seeing the winter blend gasoline enter the market, which is cheaper for refiners to produce.

The average price at the pump in San Antonio also is $2.37, which is up a penny from last week. Drivers in El Paso are paying the most at $2.74 a gallon, while the lowest price is in Tyler at an average of $2.28.

Tropical storm Imelda dumped dozens of inches of rain in Texas, but industry reports show refineries are operational and the flooding isn’t expected to affect gas prices.

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