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Texas has the nation’s lowest gas prices: the Texas Golden State’s secret

Why Texas has the lowest gas prices in the country. (PHOTO: Texas Standard)

Gas prices hit an all-time low of $2.68 a gallon, thanks to a $20 drop in the price of a barrel of crude oil since September 2022.

Why Texas has the lowest gas prices in the country. (PHOTO: Texas Standard)

According to Texas Standard Organization, American Automobile Association (AAA) says that a gallon of gas costs $2.57 on average in Texas. This makes Texas the state with the lowest gas prices in the country. Gas prices haven’t been this low in over three years. As a result, prices will continue to go down, which has been happening for a long time. Prices could drop below $2.50 per gallon in Texas and below $3 per gallon across the country. It’s important not to get too comfortable, says energy expert Matt Smith, and to stress that the present drop is due to a drop in the price of crude oil. He does warn, though, that prices might go up a bit around Christmas because more people will be traveling and taking trips. Smith says that recent rocket attacks in the Red Sea and other global events are having an effect on oil prices. This could mean that prices will start to rise soon. This is because 115 million people are planning to travel for Christmas, including a record 7.5 million people who will be flying. This will make airports the busiest they have ever been.

READ ALSO: 227,000 Texans could lose out on food and health help if Congress doesn’t increase WIC funding

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