Texas Gas Could Reach $9 per Gallon if Oil Hits $250, Analysts Warn

TYLER, Texas (TXAN 24) – Texas drivers may face a dramatic increase in gas prices if global oil markets worsen, analysts warn. In a worst-case scenario tied to escalating tensions in the Middle East, crude oil could surge to $200–$250 per barrel, potentially pushing retail gasoline across the state to $6–$9 per gallon.

Currently, average gas prices in Texas range from $3.10–$3.50 per gallon, depending on the city. But if crude oil hits the extreme levels projected, prices could nearly double in just weeks.

• Dallas and Houston: Metro areas could see pumps reach $6.50–$8.50 per gallon. Strong refinery infrastructure may soften spikes slightly but cannot fully offset global supply disruptions.

• Tyler and East Texas: Smaller markets may peak around $6.25–$8.25 per gallon, still doubling current averages.

Analysts say the spike could occur quickly. Wholesale gasoline prices respond almost immediately to crude futures, meaning drivers could notice the impact at pumps within days. Other factors—pipeline disruptions, panic buying, and strategic petroleum reserve releases—will also influence how high prices go and how fast.

As tensions in the Middle East continue, Texans are urged to monitor prices, consider fuel efficiency, and plan ahead for potential increases at the pump.