AAA Says Gas Price Average Moves Up, Remains Less than Last Year - NBC 5 Dallas-Fort Worth

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AAA Says Gas Price Average Moves Up, Remains Less than Last Year

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    AAA Says Gas Price Average Moves Up, Remains Less than Last Year
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    Drivers in Texas are now paying $2.23 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That's one cent more than last week and $1.25 less than last year.

    Drivers in Dallas are paying the most on average at $2.30 per gallon while drivers in Beaumont are paying the least at $2.13 per gallon. Across the nation drivers are paying an average of $2.41, which is one penny more than one week ago and 18 cents more than the statewide average.

    Gas prices remain heavily influenced by the global price of crude and the ability of domestic refineries to manage scheduled and unscheduled maintenance. Analysts say any changes in the global price of crude or refinery issues will cause gas prices to fluctuate. However, it is estimated that even with varying prices common during this time of year, drivers are expected see prices move lower leading up to the peak summer driving season in July and August.

    Global supply continues to outpace demand, and news of sustained production from the Organization of the Petroleum Exporting Countries along with high-cost production countries like the U.S is expected to keep downward pressure on global crude prices.