San Antonio again has the lowest price of gas in Texas, as the average price of gas in the city fell another three cents in the past week to $2.13 a gallon, News Radio 1200 WOAI reports.
AAA Texas says we are reaping the benefits of being on the other side of the Thanksgiving trave season, and analysts expect prices to continue to fall for the next few weeks.
“Following near-record Thanksgiving holiday travel volume, gasoline demand is falling and supplies are increasing,” said Daniel Armbruster, AAA Texas spokesperson. “The current trend is leading to cheaper gas prices. However, rising crude oil prices could cause an increase in pump prices down the road.”
Of course, market factors can influence the price of gasoline, but the fact that the U.S. in October became a net exporter ofgasoline and refined products for the first time sicne WWII should temper the wild swings which previously accompanied market shocks.
Odessa has the most expensive gas in the state, and $2.48.