Gas prices down again this week in Wichita Falls

Gas prices down again this week in Wichita Falls
Gas prices in Wichita Falls are down again.

WICHITA FALLS, TX (RNN Texoma) - Gas prices have continued to fall in Texas and Wichita Falls over the last several weeks. The average price for a gallon of regular unleaded fuel in Wichita Falls is $2.48.

That price is four cents less than this time last week. Gas prices have dropped nearly a quarter month-to-month, according to AAA Texas. Analysts previously thought pump price would increases due to the White House’s re-imposition of sanctions on Iran.

Some of those will target the country’s energy sector and impedes its ability to export oil. This was expected to have a potential large impact on global supply and demand, according to AAA Texas.

But in May, when a decision was announced to take effect this month, the market reacted quickly and barrel prices rose to $77 a barrel during the summer. But, experts say these dropping gas prices are a likely temporary trend.

The cheapest prices at the pump we found in Wichita Falls was $2.34 at the Murphy USA on Archer City Highway and Southwest Parkway. For a look at the cheapest gas prices near you, click here.

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