AAA: Gas prices up slightly this week across Austin

March 14, 2019 - 11:57 am
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AUSTIN (KJCE) -- Gas prices across the Austin area are up slightly this week, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded fuel in Austin is $2.23, up two cents from a week ago and just three cents cheaper than prices a year ago. Across the state, drivers are paying an average of $2.29, up eight cents from last week and even with this time a year ago; nationally, prices are up seven cents to an average of $2.52, a cent cheaper than this time last year.

San Antonio drivers are paying the least in the state, at an average of $2.17 per gallon; Midland continues to have the state's highest average, at $2.46.

Texas gas prices, along with the national averages, have been steadily increasing for the last three weeks. During that time, gasoline stocks have gradually decreased while demand has started to increase and crude oil prices have been fluctuating. Combined, these factors are driving up gas prices across the country. "Gas prices continue to climb around the country, Texas included, to match prices similar to last year at this same time," said Joshua Zuber with AAA Texas. "However, AAA does not expect this year’s national high to be nearly as expensive as last year’s peak price of $2.97."

Gasoline stocks in the region decreased for a third consecutive week, though just by 220,000 barrels to total 87.2 million barrels. If stocks continue to decline, gas prices can be expected to continue to increase for motorists in the region.

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