AAA: Texas experiencing largest weekly gas price drop this year

TYLER – AAA is reporting the largest weekly gas price decrease for the year in Texas. The statewide gas price average per gallon is $4.33, AAA said. That is .16 cents less than on this day last week and $1.52 more per gallon compared to this day last year. AAA said drivers in El Paso are paying the most on average at $4.44 per gallon. According to our news partner KETK in Longview, the average gas price today is $4.39, compared to $4.53 a week ago. In Tyler, average gas prices are down to $4.27 from $4.40 last week. Texarkana’s gas average is now $4.36 from $4.51 last week. The main factors behind the recent drop, according to the AAA, is that crude oil prices are dropping due to concerns about a decline in global demand later this year and increased supply regionally. July is typically one of the busiest months for road travel.