Abbott's Promise for Texas: Gasoline Below $2 by Summer's End

Texas Governor Greg Abbott expressed optimism about falling gasoline prices, projecting that they will drop below $2 per gallon in the state by the end of the summer. This forecast comes as Texas currently experiences prices significantly lower than the national average.

Abbott highlighted the downward trend in fuel costs across Texas, noting that prices are already under $3 per gallon in numerous locations. "Gasoline prices now below $3 in many places in Texas," he stated, adding, "Much lower than the national average; at this rate, they will be below $2 before the end of the summer."

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Gasoline prices now below $3 in many places in Texas. Much lower than the national average; at this rate, they will be below $2 before the end of the summer.

According to AAA, the average price for regular gasoline in Texas is currently $3.34 per gallon, while the national average stands at $3.82. Data from GasBuddy indicates that some stations have recorded prices below $3 per gallon.

The governor's comments coincide with a call from former President Donald Trump for gasoline retailers to lower their prices. Trump urged immediate adjustments, stating on Truth Social that speculation would not be tolerated and that prices should be around $2.50 per gallon. He argued that the benefits of falling global oil prices should be quickly passed on to consumers.

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No speculation will be allowed, which is totally illegal. If sellers don't do this, big trouble is coming! Start pricing around $2.50 per gallon.