Sept. 28–The average price of gasoline rose this past week in 22 of Texas’ larger 27 cities. Midland, however, was not one of those cities.
AAA Texas reports the average price stayed the same in Midland and Odessa.
The organization reports crude oil prices rose because of concerns that the United States will not release supplies from the Strategic Petroleum Reserve to meet global demand following sanctions against Iran.
“This is a time of year when Texans normally see gas prices fall, but concerns about global supply and demand are causing oil prices to increase along with retail gas prices,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesman.
Even the state average increased 2 cents to $2.62 a gallon, according to AAA Texas. However, that average still doesn’t approach the average in Midland-Odessa. Midland drivers again face the highest average in the state — $3.04 a gallon — the lone average of the 27 metropolitan areas above $3. Odessa isn’t far behind; that city’s average is $2.97. Drivers in San Antonio are enjoying the state’s lowest average price: $2.54 a gallon.
In late September 2017, drivers in Midland were paying $2.57 a gallon, which was 13 cents above the state average.
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.
TexasGasPrices.com reports drivers in Odessa have more options when it comes to lower prices. Of the 15 lowest prices in Midland and Odessa, 14 are in Odessa. The website reports a $2.98 average in the two cities.
Gas price report
Cheapest gas: $2.82 (Sam’s Club, Tradewinds/SH 191)
Cheapest gas (non-membership club): $2.88 (Murphy USA, Briarwood/Midland Drive; H-E-B, Andrews Highway/Loop 250; H-E-B, Midkiff/Wadley; Texaco, Midkiff/Wadley)
Cheapest prices in West Texas: El Paso $2.42, San Angelo $2.46, Lubbock $2.47, Amarillo $2.52, El Paso $2.49, Abilene $2.59, Odessa $2.79, Midland $2.82
Thursday $2.988 $2.619
Last week $2.969 $2.609
Last month $3.008 $2.606
Last year $2.550 $2.434
(c)2018 the Midland Reporter-Telegram (Midland, Texas)
Visit the Midland Reporter-Telegram (Midland, Texas) at www.mywesttexas.com
Distributed by Tribune Content Agency, LLC.