• July 30, 2014

State gas prices rise slightly

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Posted: Wednesday, March 12, 2014 4:30 am

Gas prices climbed slightly going this week, but increases could be attributed to cold weather in the East and Midwest.

“Most of the time it has to do with the big cold spells that came through,” said John Gilmore, general manager of Big Chief Distribution. “And that has to do with the heating in the East and Midwest where they use heating oil to heat their homes, which is similar to diesel fuel and can cut down supply.”

Prices in Killeen, Temple, Harker Heights and Copperas Cove for regular gasoline ranged from $3.10 to $3.28, according to AAA’s website. GasBuddy.com reported prices for regular gasoline ranging from $3.13 to $3.29, with most locations charging $3.19 for the fuel on Tuesday.

The $3.19 price is about 9 to 10 cents higher than prices reported earlier this week. Texas’ average consumer fuel cost was $3.25 on Tuesday and $3.24 on Monday, according to GasBuddy.com.

Across the United States, the average price was $3.48 on Monday and Tuesday.

A month ago, prices averaged $3.12 for the state and $3.30 nationwide. Fear about the Ukraine situation and other factors can increase gas prices because of market speculation.

“There is not really a normal any more...” Gilmore said about estimates for gasoline. “It used to be that you could watch the crude oil price and base gas cost off it, but now oil can go one way and gas can go the other.”

Gilmore predicted gas prices may go up again slightly before continuing to decline into the summer.

“But you never know,” he said. “That is all based on supply and demand.”

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