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. (Source: KAUZ)

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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