Gasoline Prices are Rising in Austin: What You Need to Know

As crude oil prices have risen recently, that means higher gasoline prices across the nation — and Austin drivers are feeling the impact.

The average price for a gallon of unleaded gas in Austin is $2.72. That’s up 14 cents from a month ago, when the cost was $2.58, according to a report from auto club AAA Texas. The statewide average price in Texas is currently $2.75 for a gallon of regular unleaded, which is up 13 cents from a week ago.

Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $3.25 per gallon, while drivers in Corpus Christi are paying the least at $2.60 per gallon.

The national average price for a gallon of regular unleaded is $3.16, which is 6 cents more than a week ago.

Here are some more things you need to know about the rising gas prices:

Blame higher oil prices

The recent hikes in gasoline prices have been triggered by higher prices for crude oil, industry experts say. Prices for a barrel of crude oil increased from the lower $70s to about $80 just a few days ago. “Other factors impacting fuel prices likely include the cold weather snap over the weekend which analysts suggest could temporarily impact fuel deliveries as well as refinery operations,” AAA Texas said.

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Source: Austin American-Statesman

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