Gas Watch: Austin-area pump prices inching up

Talk 1370 Newsroom
February 21, 2020 - 8:30 am

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AUSTIN (Talk1370.com) -- Rising crude oil and wholesale gasoline prices are hitting Austin-area gas pumps, according to the latest data from AAA Texas.

The average price for a gallon of regular unleaded fuel in the Austin area is $2.12 this week, up three cents from last week and four cents from a year ago, when Austin drivers were paying an average of $2.08 a gallon.

Across the state, drivers are paying an average of $2.14 a gallon, which is six cents higher than a week ago. Drivers in El Paso are paying the state's highest average at $2.36, while drivers in San Antonio are paying the least at $2.05 per gallon.

Nationwide, AAA says drivers are paying an average of $2.46 a gallon this week, up three cents.

Rising crude oil and wholesale gasoline prices have caused the statewide gas price average to see its first jump at the pump since early January. Analysts say pump prices will continue to be volatile over the coming weeks.

"Texas boasts some of the cheapest gas prices averages in the country," said AAA Texas spokesperson Daniel Armbruster. "Whether that trend continues will depend on several factors including gasoline stock supply and demand."

Regional gasoline stocks in the South and Southeast have decreased for two weeks in a row, while regional refinery utilization held steady at 90%. 

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