Higher crude oil and ethanol prices have helped push the average price of a gallon of regular unleaded gasoline in Texas up by 13 cents, to $3.49, says auto club AAA.
Drivers in Fort Worth-Arlington and also Dallas are paying the most, $3.52, and motorists in El Paso are paying the least at $3.21.
"The average in the Lone Star State is 17 cents less than the national gas price average of $3.66 a gallon," AAA said Thursday.
"The higher pump prices are due to rising global crude oil prices, much more expensive domestic ethanol as a result of the current Midwestern drought and an increase in demand due to the summer driving season," it said.
“Right now Texans are paying about $49 to fill up a typical vehicle’s 14-gallon tank,” said AAA Texas/New Mexico public affairs representative Doug Shupe. “Some analysts say drivers will likely face higher pump prices in the weeks ahead until the summer draws to a close. Price decreases may resume in the fall when summer travel ends.”
-- Jim Fuquay
Oil is the biggest racket in the Nation!
Posted by: ML Simons | August 29, 2012 at 01:16 PM
Be glad you are not on the west coast, refinery fire in California has already raised the price in the Puget Sound area to $3.74 per
Posted by: Gregg | August 09, 2012 at 10:42 PM
I agree ... what a crook,
Oil produced in the USA, refined here, and sold here should be sold for Cost-Plus ... not based on some world speculators market.
Posted by: TX_Proud | August 09, 2012 at 10:23 PM
This is such a crock!
The Oil that we are now using was purchased 6 months ago at a much cheaper rate, but the Oil Companies with help from the Federal Government are able to rape the consumers at will or anytime someone in the Middle East Farts ...... gas prices go up.
Ever notice how they price trickles down 1 or 2 cents but then jumps back up by 10 - 15 cents ....... yeah, thats quite a system that they have going there ...... wish that we could all raise our salaries the same way ...... pfffft.
Posted by: Rob | August 09, 2012 at 03:57 PM
This drives me crazy. Wholesalers and distributors are raising their prices today for oil that won't be refined for months. The cost of gas today should correlate to the cost of the oil that went into production.
Just like cattle prices - feed is going up now, so beef we purchase in a few months will go up. Direct correlation.
Posted by: kay | August 09, 2012 at 12:57 PM