Texas Weekly Gas Price Update and Outlook
Mar 03, 2014 | 551 views | 0 0 comments | 7 7 recommendations | email to a friend | print
Texas, March 3- Average retail gasoline prices in Texas have risen 1.6 cents per gallon in the past week, averaging $3.20/g yesterday, according to GasBuddy's daily survey of 13,114 gas outlets in Texas. This compares with the national average that has increased 3.2 cents per gallon in the last week to $3.44/g, according to gasoline price website GasBuddy.com.



Including the change in gas prices in Texas during the past week, prices yesterday were 37.3 cents per gallon lower than the same day one year ago and are 14.0 cents per gallon higher than a month ago. The national average has increased 17.6 cents per gallon during the last month and stands 26.7 cents per gallon lower than this day one year ago.



"Gasoline prices, as expected, continued their rise over the last week," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. "The pace in the increases slowed somewhat versus the week prior, but motorists shouldn't get excited over the one week slow down in the rise in prices. We fully expect that as refineries get into the prime of maintenance season, gasoline prices nationwide will continue to rise, and perhaps at the fastest rate we could see in 2014. We're starting to see cleaner burning summer gasoline come in to view across the nation, and with lower production as refineries prepare for an increase in demand and for summer spec gasoline, price spikes can occur," Laskoski said.



About GasBuddy



GasBuddy operates TexasGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
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