GAS PRICES

Local gas prices (finally) hold steady

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Austin gas prices are unchanged  in the past week, averaging $2.41/g on Monday of this week, according to GasBuddy's daily survey of 830 stations. Gas prices in Austin were 21.7 cents per gallon higher than a month ago and 3.4 cents per gallon higher than a year ago.

"The national average gas price has now risen for two months straight, tacking on a total of 50 cents per gallon in the last 90 days, which will cost Americans nearly $200 million more at the pump today than back in early January," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The road doesn't end here, however, with California and the West Coast seeing a surge in unexpected refinery outages, leading to extremely tight supply of cleaner summer gasoline and causing prices to skyrocket." 

According to GasBuddy price reports, the cheapest station in Austin was priced at $2.22/g on Monday while the most expensive was $2.79/g, a difference of 57 cents per gallon. The lowest price in the state on Monday was $2.09/g while the highest was $3.59/g — a difference of $1.50/g. The cheapest price in the entire country was $1.74/g while the most expensive was $5.01/g, a difference of $3.27/g. 

The national average price of gasoline has risen 4.8 cents per gallon in the last week, averaging $2.74/g on Monday. The national average was up 27.6 cents per gallon from a month ago, yet stands 9.3 cents per gallon higher than a year ago.

Gas prices in  San Antonio were also unchanged from last week, remaining at $2.32/g. Prices in Waco were up 1.9 cents to $2.41/g, and prices in College Station were up 2.9 cents to $2.48 per gallon.

"California will soon be home to something not seen in nearly five years: a statewide average of over $4 per gallon, with some of the largest cities there swelling to averages as high as $4.15 per gallon before any relief arrives," said DeHaan. "It really is going to be ugly this week in the West Coast, and any further issues could lead to more spikes, but for the rest of the country expect the rise to continue for a ninth straight week with little good news on the horizon."

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