GAS PRICES

Gas prices continue upward trend

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Gas prices around Central Texas have risen 7.0 cents per gallon in the past week, averaging $2.41/g on Monday, according to GasBuddy's daily survey of 830 stations. Those prices are up 23.3 cents per gallon higher from a month ago, but only 3.1 cents higher than last April.

"There's no fooling motorists, gas prices have continued to surge. For the seventh straight week the national average has continued to rise, unabated, due to seasonal impacts," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The run-up this spring has felt worse than prior years, and thus far, the national average is up nearly 50 cents per gallon from our 2019 low. Unfortunately, this a rut we'll be stuck in yet for at least a few more weeks." 

According to GasBuddy price reports, the cheapest station in Austin is priced at $2.18/g today while the most expensive is $2.79/g, a difference of 61.0 cents per gallon. The lowest price in the state today is $2.19/g while the highest is $3.29/g, a difference of $1.10/g. The cheapest price in the entire country today stands at $1.75/g while the most expensive is $4.99/g, a difference of $3.24/g. 

The national average price of gasoline has risen 3.9 cents per gallon in the last week, averaging $2.69/g today. The national average is up 26.5 cents per gallon from a month ago, yet stands 3.5 cents per gallon higher than a year ago.

Prices in San Antonio rose 7.8 cents per gallon last week, while prices in Waco were up 8.0 cents per gallon. 

"President Trump, as much as he'd like to control oil and gasoline prices, has not be able to successfully convince OPEC to respond, with oil prices last week closing above $60 per barrel, a fresh 2019 high," said DeHaan. "What the President may not realize is that while oil prices have been a minor piece of the pie of rising gas prices, the bulk remains EPA mandates during the summer months that coincide with refineries doing work ahead of the intense demand during the summer in which most run near capacity."

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