It is a rare event when gasoline prices fall heading into a national holiday. Generally, prices are on the incline as the summer months approach, leading to higher fuel bills for family travel.
Just before the July 4 weekend, retail prices for gasoline have taken a tumble, with AAA in Texas reporting an eight-cent drop and an average price of $3.44 per gallon. The down-side is, that figure is 83-cents more expensive than last year.
Meanwhile, Walmart is giving customers across the MidSouth a price break on fuel. The discount giant’s Murphy USA locations in Oklahoma, Arkansas, Missouri, New Mexico, and Texas will reflect a 10-cents per gallon price cut at the pump.
There is a catch, though. The fuel must be charged to a Walmart credit card or gift card.
Marketing officer Stephen Quinn says the price cut is to draw customers back to Walmart locations.
“Our customers have told us that high gas prices are a top budget concern,” said Quinn, “nearly as large an expense to their households as food and groceries. Because we know they are feeling squeezed by gas prices, we’re implementing this gas Rollback to help them save, especially during high travel summer months.”
The national price of gasoline has also declined, with the average cost at $3.54, down 7 cents this week.