• October 27, 2016

Average Texas gas price up 2 cents

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Posted: Monday, June 2, 2014 11:45 pm

The average price of gasoline rose 2.1 cents per gallon statewide last week.

Texas averaged a fuel cost of $3.45 per gallon of regular gasoline Sunday, according to a news release from GasBuddy.com, an online website that tracks prices at 13,114 stations across the state.

The average price of regular gasoline was about $3.43 per gallon May 25. “It’s been another relatively quiet week across most of the country with the national average fluctuating little,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst, in the news release. “I don’t believe the higher prices are sustainable much longer. In many areas that saw large jumps last week, we’re already seeing relief.”

AAA reported Thursday an average Texas gas price of $3.46 per gallon, which was an increase from AAA’s previous report. AAA attributed the higher prices to national turmoil that could lead to supply restrictions. “Elevated global oil prices have kept a relative floor under retail gas prices for motorists,” stated a news release from AAA. “Oil markets are keeping a close eye on simmering geopolitical tensions, most notably those in Ukraine and Libya, for developments that might impact global supply.”

Gas prices at pump stations between Nolanville and Kempner ranged from $3.33 to $3.45 per gallon Monday, according to AAA’s website.

GasBuddy.com’s website reported prices in the same area were between $3.37 and $3.45 per gallon.

The Killeen-Fort Hood area is paying less than the Dallas-Fort Worth area, which has the state’s high at $3.53 per gallon, according to the AAA news release.

Average prices in the state were 9.4 cents per gallon higher than the same day a year ago and are unchanged versus a month ago, according to GasBuddy.com. Prices in Texas still remained lower than the national average of $3.64 per gallon, which increased 1.2 cents per gallon during the same period.

The national average has decreased 0.3 cents per gallon during the last month and stands 0.6 cents per gallon higher than the same time period one year ago.

“For the rest of the country, this week will likely feature little movement as wholesale gasoline prices continue in their funk and as we await the ‘traditional’ decline of wholesale prices to start the summer driving season,” DeHaan said.

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