5 hours ago - News
Houston gas dips below $4 per gallon
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Houstonians are paying less at the pump than a month ago, but still about 80 cents more per gallon than this time last year, per GasBuddy data.
Why it matters: Gas prices are one of the fastest ways a global energy shock reaches household budgets. Even when Texas prices are better than the national average, a sharp run-up can still impact families' driving choices.
By the numbers: Regular unleaded in the Houston metro averaged $3.38 per gallon as of Monday afternoon, per AAA.
- The national average was about $3.86, per AAA.
Zoom out: Retail gas prices are tethered to oil prices set on global markets, even though the U.S. is the world's largest producer and imports relatively little from the Middle East.
- Gas prices have eased somewhat, but it's unclear how long that'll last with tensions still high between U.S. and Iran.