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Texas gas price increases stall after steady rise [Video]

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USA Energy Price News

Statewide gas price increases have stalled after a steady rise, according to AAA Texas.

As of Thursday, the Bryan-College Station area had an average price of $3.25 per gallon, which is a 3-cent increase from a week ago. That matches the state average, which is down 4 cents per gallon from a week ago.

AAA Texas officials said the cost of oil reached the upper $80s per barrel due to recent tensions in the Middle East, but prices have fallen into the low $80s. Oil market officials are on the lookout to see if any further military actions occur. AAA Texas officials said there also tends to be a lull in gas demand between the end of spring break and Memorial Day.

“Crude oil has come down in price and demand has slowed, which is keeping further gas price increases at bay,” said Daniel Armbruster, a AAA Texas spokesman. “Drivers …

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