Gasoline Prices Trend Upward Slightly as Demand Increases
Gasoline demand went up from last week as Texas gas prices also trend upward. AAA Texas reports the statewide gas price average for a gallon of regular unleaded fuel is $2.84.
That's one cent more than last week and ninety-eight cents more than this time last year. This was caused by fuel supply dropping slightly and Gulf Coast refinery use being higher than previous weeks. These are likely reasons prices at the pump have been slightly increasing over the prior weeks. Crude oil prices also continue to be high.
“Gasoline demand continues to be strong all around the country, and pump prices reflect this increase from last year when demand was very low,” said AAA Texas spokesperson Daniel Armbruster. “Drivers can increase fuel efficiency by following a few simple steps such as routine vehicle maintenance, keeping tires properly inflated and avoiding jackrabbit starts and speeding.”
Drivers in Texas are paying the third lowest prices across the country, with Mississippi and Louisiana being the cheapest. Inside the Lone Star State, residents in El Paso are paying the most on average at $3.24 while drivers in Amarillo are paying the least at $2.76. Here in Lubbock we're seeing an average of $2.79.
The national average this week is $3.19, which is two cents more than last week and over a dollar more than this time last year.
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