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Saturday, March 6, 2021

Retail gas prices in Texas drop 8 cents before Labor Day

COPPELL, Texas (AP) – Retail gasoline prices have dropped 8 cents across Texas to settle at $2.23 per gallon going into the Labor Day holiday weekend.

AAA Texas on Tuesday reported that compares to the nationwide average price of $2.46 per gallon, down 12 cents from last week.

El Paso has the most expensive gasoline statewide at $2.48 per gallon. Drivers in Texarkana and Beaumont are paying the least in Texas at $2.13 per gallon.

Analysts say U.S. gasoline prices are falling at the fastest rates since December, mainly due to relatively low crude oil costs.

AAA usually releases survey results Thursday but provided details Tuesday due to the holiday. The group projects 35.5 million Americans will travel 50 miles or more from home over Labor Day weekend, up 1 percent from last year.

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