Average Lubbock gas price steady at $2.78

Average Lubbock gas price steady at $2.78

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Lubbock's average gas price is unchanged from last week, at $2.72 for a gallon of regular unleaded, according to AAA Texas. A year ago the average was $2.04.

The statewide average climbed two cents to $2.78. Nationwide it's $2.96. 

Here's more information from AAA Texas:

(Coppell, TX) – The statewide gas price average in Texas is now $2.78 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is two cents more than last week and is 59 cents more per gallon compared to this day last year. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $3.10 while drivers in Wichita Falls are paying the least at $2.65 per gallon. The national average price for a gallon of regular unleaded is $2.96, which is the same as this day last week and 59 cents more than the price per gallon at this same time last year.
 
While the statewide average in Texas increased slightly on the week, many cities surveyed by AAA saw slight decreases or remained the same. It could be a sign that that prices may be stabilizing as we head into June.  This is welcome news to motorists who have not only seen pump prices increase, on average, 18-cents since the beginning of May, but are paying the highest prices to fill up since 2014. Of the 27 cities surveyed in Texas, drivers in four cities saw the average price of regular unleaded gasoline decrease while drivers in nine cities saw no change week-to-week.
 
The steady weekly retail gasoline prices come after oil prices started falling over Memorial Day weekend amid news that OPEC may raise production levels to help ease global supply concerns. OPEC is scheduled to meet in June to discuss any potential adjustments to supply.
 
“While the statewide average increased another two cents this week, some Texans are experiencing slight relief from rising gas prices,” said Daniel Armbruster, AAA Texas/AAA New Mexico Spokesperson. “Prices in four cities saw a slight week-to-week decrease, while nine cities saw no change. Nonetheless, Texas drivers are still paying nearly 60 cents more per gallon for regular unleaded gasoline compared to one year ago, the most expensive prices since 2014.”
 
The South and Southeast region continue to tout the cheapest gas in the country, but prices are 60 cents more per gallon, on average, compared to one year ago.

Prices up to date at press time using market prices posted at 3:41 a.m. Motorists can find current gas prices along their route with the free and revamped AAA App for iPhone, iPad and Android. The app can also be used to map a route and learn traffic conditions along that route, find discounts, locate parking, book a hotel and request and track AAA roadside assistance. Learn more at www.AAA.com/mobile.

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