• August 20, 2014

Weekend brings higher gas prices

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Posted: Tuesday, May 20, 2014 4:30 am

Higher oil prices caused an almost 2-cent rise in gasoline prices Sunday compared to the previous week.

The average retail price climbed 1.7 cents across the state to $3.42 per gallon of regular fuel, stated a news release from GasBuddy.com, which tracks prices at more than 13,000 stations in Texas.

Drivers are experiencing the higher cost after three consecutive weeks of declines.

“The drop that we had observed in the national average weeks ago took a pause over the last week,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst. “Oil prices have perked back up, and some supply tightness across areas of the country helped propel wholesale gasoline prices higher last week, leading retail prices to hold steady instead of continuing to decline.”

Most of the increases took place during the weekend as AAA reported Texas gas prices decreased by 2 cents from Thursday compared to the previous week.

Prices between Nolanville and Copperas Cove ranged from $3.35 to $3.45 per gallon Monday, according to AAA.com.

According to GasBuddy.com, Monday’s prices in the same area ranged from $3.39 to $3.43 per gallon.

Prices Sunday were 1.1 cents per gallon higher than the same day a year ago but 5.2 cents per gallon less than a month ago, GasBuddy stated.

Nationwide, the average price at the pump didn’t move, according to GasBuddy. The average cost was $3.62 per gallon, the same as a month ago, but down 5 cents per gallon from a year ago.

Despite the increase, AAA and GasBuddy.com speculated prices would go down before Memorial Day.

“The temporary stability in the national average will ebb over the next week or two, and gas prices will head down again as we approach Memorial Day,” DeHaan said.

Despite the fluctuation in prices, H-E-B customers who use a gift card to purchase fuel will save a 11 cents per gallon in a special offer that began Sunday.

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