GAS PRICES

Gas prices up sharply across region

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Gasoline prices in Austin have risen 9.0 cents per gallon in the past week, averaging $2.13/g yesterday, according to GasBuddy's daily survey of 830 stations in Austin. This compares with the national average that has increased 6.1 cents per gallon versus last week to $2.39/g, according to GasBuddy.

"Gasoline prices saw their biggest weekly jump of 2019 with the national average now at its highest point since mid-December as oil prices continue to advance," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "While such jumps are in line with expectations, that doesn't make them any easier to digest."

Average gasoline prices on February 25 in Austin have ranged widely over the last five years:

$2.24/g in 2018, $2.05/g in 2017, $1.49/g in 2016, $2.12/g in 2015 and $3.16/g in 2014.

Including the change locally during the past week, prices yesterday were 10.9 cents per gallon lower than a year ago and are 14.0 cents per gallon higher than a month ago. The national average has increased 11.6 cents per gallon during the last month and stands 10.8 cents per gallon lower than a year ago.

Areas near Austin and their current gas price climate:

San Antonio- $2.09/g, up 11.1 cents per gallon from last week's $1.98/g.

Waco- $2.11/g, up 8.7 cents per gallon from last week's $2.02/g.

College Station- $2.14/g, up 9.5 cents per gallon from last week's $2.05/g.

"Unfortunately, we're likely in store for a continued March higher into March and even April as seasonal trends kick into high gear, but there is some light at the end of the tunnel. Average gas prices should remain lower than their year ago levels for now and the annual spring surge we see at gas pumps will likely not be as bad as we've seen in years past."

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