Texas Gas Prices on the Rise

Texas gas prices have risen again. The information in this article is current as of March 11 before printing this weekly paper. Visit Fuelinsights.gasbuddy.com for current results.

Texas gas prices have risen 3.7 cents per gallon in the past week, averaging $2.23 per gallon according to GasBuddy’s daily survey of 13,114 stations. Gas prices in Texas are a quarter per gallon higher than last month, but a nickel per gallon lower than rates in early 2018.

According to GasBuddy price reports, the cheapest station in Texas is priced at $1.95 per gallon while the most expensive rate was $3.19 per gallon—a difference of $1.24 per gallon.   On the national level, the least high price is $1.59 per gallon while the most

expensive is $4.99 per gallon—a difference of $3.40 per gallon.

The lowest average for gas in Texas this year was $1.913 and the highest average so far this year has been $2.313.

Patrick DeHann, the head of petroleum analysis for gas buddy said predictions are on target. “As gas prices advanced across much of the country for the fourth straight week even as oil prices held relatively stable at $56 per barrel. The reason for the continued disconnect remains like weeks past: refinery maintenance is ongoing and eating into supply and production levels, while more expensive, cleaner burning gasoline is now the predominate fuel being produced. This has pushed up wholesale gas prices even as oil remains mostly calm” DeHaan said. “Expect rising prices to knock out the 135 remaining stations in the nation priced at $1.99 per gallon of less, while the number of stations over $3 per gallon will likely grow, mainly out West as the pinch at the pump grows in those areas- the first in the nation to fully move to summer gasoline in the next two weeks.”

You can visit http://FuelInsights.Gas-Buddy.com for real-time fuel price averages.