PAnews.com, Port Arthur, Texas

Local News

April 14, 2014

Gas prices spike upward in past week

Texas, April 14- Average retail gasoline prices in Texas have risen 6.8 cents per gallon in the past week, averaging $3.46/g yesterday, according to GasBuddy's daily survey of 13,114 gas outlets in Texas. This compares with the national average that has increased 3.4 cents per gallon in the last week to $3.59/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Texas during the past week, prices yesterday were 7.2 cents per gallon higher than the same day one year ago and are 20.3 cents per gallon higher than a month ago. The national average has increased 9.2 cents per gallon during the last month and stands 7.2 cents per gallon higher than this day one year ago.

"The national average has zoomed higher in the last week, regaining some upward momentum and bringing us to the highest national average so far this year," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As we get very near the final shift to summer spec gasoline, we're seeing prices continue to creep higher in many communities across the country. GasBuddy last week released a forecast for what motorists should expect this summer, and to summarize, we expect prices nationally between April and September to average out to $3.52/gal, which would be slightly under the same period last year," DeHaan said. The entire release can be accessed here: http://bit.ly/1gtkFWr

 

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