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
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Texas Gasoline Prices Up 13 Cents in Past Week, AAA Says
Aug. 9, 2012
Jim Fuquay
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Source: (c)2012 the Fort Worth Star-Telegram Distributed by MCT Information Services
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