News Column

Texas Gasoline Prices Up 13 Cents in Past Week, AAA Says

Aug. 9, 2012

Jim Fuquay

Higher crude oil and ethanol prices have helped push the average price of a gallon of regular unleaded gasoline in Texas up by 13 cents, to $3.49, says auto club AAA.

Drivers in Fort Worth-Arlington and also Dallas are paying the most, $3.52, and motorists in El Paso are paying the least at $3.21.

"The average in the Lone Star State is 17 cents less than the national gas price average of $3.66 a gallon," AAA said Thursday.

"The higher pump prices are due to rising global crude oil prices, much more expensive domestic ethanol as a result of the current Midwestern drought and an increase in demand due to the summer driving season," it said. "Right now Texans are paying about $49 to fill up a typical vehicle's 14-gallon tank," said AAA Texas/New Mexico public affairs representative Doug Shupe. "Some analysts say drivers will likely face higher pump prices in the weeks ahead until the summer draws to a close. Price decreases may resume in the fall when summer travel ends."

Read more here: http://blogs.star-telegram.com/barnett_shale/2012/08/texas-gasoline-prices-up-13-cents-in-past-week-aaa-says.html#storylinkcpy



Source: (c)2012 the Fort Worth Star-Telegram Distributed by MCT Information Services


Story Tools