Gas Watch: Prices up slightly in Austin this week

August 10, 2017 - 8:14 am
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AUSTIN (KJCE) - Gas prices continue to creep upward, according to the latest numbers from AAA Texas.

The average price for a gallon of unleaded gasoline in the Austin metro area is $2.13 a gallon. That's up one cent from last week, and 16 cents higher than a year ago when the avearge was $1.97. Statewide prices also ticked up slightly, at $2.17 a gallon - a 2 cent increase from last week and 20 cents higher than a year ago.

Prices across Texas continue to rest below the national average, now at $2.36 a gallon - up 3 cents from last week and 23 cents from a year ago.

"Texans are enjoying some of the lowest gas prices in the country," said Daniel Armbruster with AAA Texas. "Drivers in Texas are paying an average of $30 to fill a 14-gallon tank, which is the average for a family-sized vehicle."

Of the major metropolitan areas surveyed in Texas, drivers in Dallas are paying the most on average per gallon at $2.23, while drivers in San Antonio are paying the least at $2.10 per gallon.

An increase in domestic crude oil output is making it clear that the glut of crude will not disappear easily from the global market. The southern region of the U.S. remains home to some of the nation’s least expensive markets for retail gasoline, including Arkansas ($2.11), Oklahoma ($2.13), Louisiana ($2.16) and Texas ($2.17). Last week's Energy Information Administration (EIA) report showed that gasoline inventories for states in this region dropped. The report also shows regional refineries running at 97 percent, which means their capacity to produce refined products like gasoline, is at a very high level.

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