Gas prices continue to decline slowly across Texas, including a 5-cent drop in the Austin-San Marcos region over the last week, according to AAA Texas.
Drivers in the Austin-San Marcos area were paying an average of $3.85 per gallon for regular unleaded gas on Thursday. In Texas, AAA says the statewide gas price average was $3.85 on Thursday — a four-cent decrease compared to March 24 but a $1.24 increase compared to last year.
AAA Texas said pump prices have decreased across the state as demand dropped. But AAA added that crude prices remain on a roller coaster. Additionally, gas prices may head toward a dip following President Joe Biden’s move to release oil from the strategic petroleum reserve, said AAA Texas, adding that up to 180 million barrels from the U.S. strategic petroleum reserves may be released to reduce rising energy prices that have seen a surge since Russia’s invasion of Ukraine.
