The statewide gas price average in Texas is now $2.76 per gallon, two cents less on average than last week, the week of May 28.

Lubbock drivers should now see an average of $2.71 per gallon, just one cent less than the average last week. For the first time in three months, the national gas price average went down week-to-week. It is now $2.94 a gallon.

News that OPEC could possibly reverse its supply reduction agreement with its partners, which has been in place since the beginning of 2017, has had an impact on oil prices. Although most market analysts, according to AAA Texas, say its unlikely prices will drop enough to have a major impact this summer.

OPEC's agreement, which includes production from Russia, is set to expire at the end of this year.

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