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As Texas gas prices continue to fall, Borderland drivers take advantage of the savings

EL PASO, Texas -- Gas prices continue to dip in the Sun City leading many to the pumps to cash in on the savings.

While the savings are nice, they are not permanent as experts say it's a usual trend for gas prices to dip in the winter time, and rise again during the spring and summer months.

"Texas being so close to the refining centers on the Gulf Coast, gasoline supplies being as strong as they are - at record levels - and we are in the winter time still, so winter gasoline is a little easier to make a little bit cheaper," explained Denton Cinquegrana of the Oil Price Information Service. "We have a little bit of a perfect storm, if you will, for cheap gasoline prices for the time being."

The savings are expected to continue until the winter gasoline blend runs out, but analysts indicate drivers might also have a chance to save on gas throughout the year.

"The oil situation should be pretty good as we get to spring and summer. You are obviously going to see prices move higher overall when you look at gasoline prices for the entire year of 2020," Cinquegrana said. "I think they are going to be a little bit cheaper than they were in 2019, not by much, but nationally we will average somewhere around $2.55 to $2.60."

For a look at current gas prices across the Borderland, you can visit kvia.com/traffic/gas-prices/ anytime.

Biz/Tech / El Paso / News / Texas / Top Stories / Video

JC Navarrete

El Paso native JC Navarrete co-anchors ABC-7’s weekend newscasts and reports during the week.

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