Oct. 19–AAA Texas reports the average price of gas went down in 25 of 27 larger Texas markets, and those markets that bucked the statewide trend were Midland and Odessa.
So, as drivers across the state experienced an average 4-cent drop in the price of gas, drivers in Midland saw the price go up by an average of 3 cents, and the average price here again eclipsed $3.10 a gallon, according to the organization.
The average price for regular unleaded is $3.11 a gallon — 6 cents higher than drivers in Odessa are paying. The average price around the state is $2.63 (48 cents less than the average in Midland). AAA Texas also reports Sherman-Denison, which is located north of Dallas, and the Brownsville-Harlingen area are where drivers paid the least for gas — $2.53, which is 58 cents less than Midland.
Distributors have told the Reporter-Telegram there are many complexities in the fuel business that impact pricing. They pointed to the high cost of transportation from Gulf Coast refineries and Midland’s distance from pipelines. There are also issues with the high cost of living, at least in Midland and Odessa, where rents are climbing at rates incomparable around the nation. There’s also the supply-and-demand factor. There is a great demand in Midland and Odessa relative to the amount of supply.
It appears the bubble of higher-priced gas is still firmly in place around Midland-Odessa, which are surrounded by larger and smaller metropolitan areas with average prices below what drivers here are paying. That price is as low as $2.56 in Amarillo and $2.58 in San Angelo. The average price in Lubbock, according to the organization, is $2.62. Abilene and El Paso came in at $2.77 and $2.78, respectively.
On Thursday morning, TexasGasPrices.com reported an average of $2.94 in Big Spring, $2.97 in Pecos and $3.07 in Andrews.
A year ago, Midland drivers were paying an average of $2.48 a gallon — 21 cents higher than the state average and 30 cents higher than the cheapest location among larger metropolitan areas.
AAA Texas reported the national average also dropped 4 cents to $.287. The organization reported falling demand was a reason for the price drop.
“Gas prices may be showing signs that they are taking a turn toward slowly decreasing, which is a welcomed change for motorists who have been paying unseasonably high pump prices to fill-up,” said Joshua Zuber, AAA Texas/AAA New Mexico spokesman. “Two events last week caused small spikes in retail prices in some areas, but those spikes are short-lived.”
The last time the average in Midland was at or above $3.10 a gallon was late July.
Gas Price report
Cheapest gas: $2.80 (Sam’s Club, Tradewinds/SH 191)
Cheapest gas (non-membership club): $2.85 (Murphy USA, Briarwood/Midland Driver)
Cheapest prices in West Texas: Amarillo $2.40, Lubbock $2.43, El Paso $2.47, San Angelo $2.42, Abilene $2.74, Odessa $2.77, Midland $2.80
Thursday $3.057 $2.621
Last week $3.034 $2.675
Last month $2.972 $2.611
Last year $2.467 $2.276
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