Gas prices continuing to climb, AAA says

April 11, 2019 - 8:34 am
Categories: 

AUSTIN (Talk1370.com) -- Gas prices continue their march upward, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded fuel in the Austin area is $2.46 this week; that's up three cents from a week ago and up six cents from a year ago. Across Texas, the statewide average jumped six cents to $2.54; nationwide, the average sits at $2.78, up seven cents from a week ago and up 11 cents on the year.

Drivers in Midland continue to pay some of the state's highest fuel prices, at an average of $2.70; San Antonio drivers are paying the least, at an average of $2.39 a gallon.

Around Texas, the El Paso area saw the largest weekly jump where drivers are paying 19 cents more for a gallon of regular unleaded gas. Meanwhile, drivers in the Sherman/Denison area experienced the largest increase from one year ago, with the local average up by 19 cents.

Analysts say there are several factors behind gas prices climbing, including strong demand and inventories tightening. Overall, refinery utilization stands at 86% compared to 93% last year at this time due to unexpected and planned maintenance. However, Texas still remains one of the least expensive markets for gas in the country.

"Every metropolitan area across Texas saw an increase in gas prices this week," said Daniel Armbruster with AAA Texas. "With spring driving season well underway, demand for retail gasoline is only expected to increase which will likely drive prices at the pump even higher through April."

AP Editorial Categories: 
Comments ()