Just like the unrelenting 100-degree-plus temperatures that have hit North Texas, local retail gasoline appears to have hit a groove of unrelelentlngly high prices.
The average price for a gallon of regular gasoline in the Fort Worth-Arlington area is $3.65, unchanged from a week ago, according to a report today by auto club AAA, Wright Express and Oil Price Information Service.
The $3.65 price is 23 cents higher than a month ago and $1.09 higher than a year ago, when the average was $2.56.
The current average Fort Worth-Arlington area prices for other fuel grades are: mid-grade, $3.81; premium, $3.94; and diesel, $3.86.
The all-time high local average price for regular was $3.98 on July 16, 2008, a year in which oil prices hit a record high of more than $147 a barrel. Gasoline is refined from crude oil, which accounts for a majority of the retail cost of the fuel.
--Jack Z. Smith