Texas Gas Prices Plummet 6 Cents Amid Ongoing Middle East Uncertainty
Texas gas prices have dropped, but will this trend continue? According to AAA Texas, the state's average price is $3.64 per gallon, a 6-cent decrease from last week.
The cheapest gas in Texas can be found in McAllen at $3.49 per gallon, while El Paso residents are paying the highest price of $3.99 per gallon.
Local supplies being adequate to meet demand is cited as one reason for the drop, but uncertainty due to the Iran conflict continues to affect oil prices.
Oil prices have held steady despite rising tensions in the Middle East, with Brent crude at $89.42 and WTI Crude at $83.74 per barrel.