AAA Texas says that retail gasoline prices keep downward trend as demand falls to two-year low.
On Thursday, AAA reported the average price at the pump in Texas decreased one cent to reach $1.92 per gallon. Drivers across the U.S are paying two cents for gasoline this week at an average of $2.23 per gallon.
The association survey found the Amarillo and Lubbock areas have the cheapest gasoline in Texas this week at an average of $1.82 per gallon. The most expensive gasoline statewide was in Midland at an average of $2.48 per gallon.
AAA officials in Texas say despite record motor vehicle travel for the year-end holiday period, demand for retail gasoline in the U.S continued to decline. With demand at its lowest point since February 2017 and the fact the global crude market continues to be oversupplied, retail gasoline prices continue falling in many areas.