Gas Prices Drop as Refineries Transition to Winter-Blend Gasoline
The average gas price in Texas is $2.61 this week, according to the AAA Texas Gas Watch Report. In Lubbock, the average price for a gallon of gas is 10 cents lower than the state average at $2.51, but many local gas stations show prices as low as $2.38 per gallon.
The current average in Lubbock is two cents lower than the Lubbock average last week. The national price for gasoline also dropped two cents over last week to $2.85.
Analysts say that high summer demand is beginning to steadily decrease across the state, causing prices to drop as well. The trend is expected to continue in September as gas refineries begin to sell winter-blend gasoline instead of the more expensive summer-blend.
Despite lowering costs, gas remains much higher today than it was a year ago. The August 2017 average price for regular unleaded fuel in Texas was $2.13 and $2.34 nationally. That's a 48 cent difference in the statewide gas price.