Gas prices rising with demand, up 8 cents this week

March 21, 2019 - 7:30 am

AUSTIN (KJCE) -- Rising demand and decreasing supply continue to push prices higher at the pump, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded fuel across the Austin metro area is $2.31 this week, up eight cents from last week and a cent cheaper than a year ago. Statewide, the average rose nine cents to $2.38 which is three cents higher than a year ago; nationally, the average is up seven cents to $2.59, two cents higher than this day last year.

Drivers in Midland continue to see the state's highest gas prices on average, up 10 cents this week to an average of $2.56; San Antonio has the state's lowest average, at $2.25 a gallon.

Since early February, gasoline demand has been steadily increasing while stocks have been gradually decreasing causing more expensive pump prices across the country. The average price in Texas has increased by 26 cents per gallon for regular unleaded fuel in the last month.

"As the weather warms more people are driving which is causing an increase in demand for retail gasoline and at the same time supplies are shrinking as refineries go offline to prepare for the manufacture of summer-blend gasoline," said Daniel Armbruster with AAA Texas. "With spring refinery maintenance season getting underway, drivers can expect retail gasoline prices to continue to rise."

Texas is among the top 10 states to see the largest weekly increase across the country. With a nine cent per gallon increase on the week, Texas came in 7th place on the list. Kentucky had the largest jump in the U.S. with a 16 cent weekly increase.

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