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Gas Watch: Austin-area gas prices tick up slightly

July 26, 2018 - 8:46 am
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AUSTIN (KJCE) -- Gas prices across the Ausitn area ticked up an average of a cent this week, according to the latest numbers from AAA Texas.

The average price for a gallon of regular unleaded is $2.61, up a penny from last week's average of $2.60. Prices are sitting 55 cents higher than they were a year ago.

Statewide, the average held steady this week at $2.63, up 54 cents from a year ago; nationally, drivers are paying an average of $2.85, down one cent from last week and up 57 cents from a year ago.

Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $3.11 per gallon, while drivers in San Antonio and Wichita Falls are paying the least at $2.53.

Volatility is the trend for July gas prices as the rate for crude oil rises and drops amid lingering geopolitical concerns. In the U.S., the first half of the month saw pump prices increase from $2.85 to $2.89, while the second half is proving cheaper with the national gas price average down to $2.85 today.

Across the South and Southeast states, gas prices range from as expensive as $2.74 in Florida to as cheap as $2.55 in Alabama. On the week, prices in the region are as much as four cents cheaper.

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