ECONOMY

Regional Pump Prices Slip Amid Continued Crude Volatility

PUBLISHED Apr 23, 2026, 11:15 AM ET

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Lubbock, Texas — Gasoline prices fell for the second consecutive week across multiple U.S. regions this week, according to AAA and local reports. Texas statewide average was reported at $3.60 per gallon while Lubbock averaged $3.30; metro Phoenix recorded a 12-cent decline over the past two weeks and Virginia’s average also eased this week. Drivers and small fleets reported immediate relief, with Whitney business owners noting lower fill-up costs this week; AAA and EIA data show a 4.6-million-barrel gasoline inventory drop last week, and crude oil volatility tied to Middle East shipping tensions remains present. Market watchers say supply-demand dynamics will influence prices in the coming days and weeks.

By Noormahi M. | JQJO News

Timeline of Events

AAA maintains weekly gas price surveys tracking national and state averages and releases data.
Year-over-year comparisons show pump prices remain higher than same period last year.
Over the past two weeks, metro Phoenix and multiple Texas markets record week-over-week declines.
Local business owners report reduced operating fuel costs as pumps ease modestly this week.
EIA reports a 4.6-million-barrel gasoline inventory drop, and crude oil remains volatile due to geopolitical shipping tensions.

News Intelligence

Falling gas prices mean more money in your pocket. If you're a driver or small business owner, you're likely seeing immediate relief at the pump. Keep an eye on local gas prices and consider filling up your tank when prices are low.

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Who Benefited

Local consumers, commuters and small service fleets experienced modest immediate relief from lower pump prices this week, reducing near-term fuel expenses and easing operating costs for vehicle-dependent businesses.

Who Impacted

Transport-dependent businesses and fleets had previously absorbed higher fuel costs; refiners and fuel retailers may face margin pressure from fluctuating wholesale crude and falling pump prices while inventories tightened.

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