Sherman — Gas prices in the Sherman-Denison area averaged $3.1310 per gallon for regular unleaded on June 29, according to AAA, down slightly from yesterday. That's down from $3.4180 a week ago and substantially lower than $3.8830 a month ago.
The statewide average in Texas stands at $3.2980, while the national average is $3.8600. Motorists in the Sherman-Denison area are paying less than the state average and less than the national average.
Gas prices in the Sherman-Denison area have fallen substantially from their highs. Prices have dropped about 59 cents over the past month, driven by lower crude oil costs and strong refinery output. Compared to a year ago, when the state average was $2.7690, drivers are now paying about 53 cents more per gallon.