Statewide gas price average increases a nickel

March 2, 2012

The average price for a gallon of regular unleaded gasoline in Texas is a nickel more than the average last week, according to the AAA Texas Weekend Gas Watch.

The average price for a gallon of regular unleaded gasoline in Texas is a nickel more than the average last week, according to the AAA Texas Weekend Gas Watch. The current statewide average is $3.57.
The national average is $3.74, increasing 13 cents more than the average last week. The statewide average price is 17 cents less than the national average. The most expensive gasoline average in the state is in Dallas at $3.59. Amarillo is reporting the least expensive average in the state at $3.41 for a gallon of regular unleaded. 
Signs of economic improvement in the U.S., progress toward addressing European debt uncertainties, and continuing geopolitical tensions in the Middle East have continued to pressure market crude oil prices higher. Prices are being driven higher largely by the possibility of a future impact on supply. The result of this speculation is that market prices for both crude oil and gasoline have been pressured higher by future uncertainty in the market. 
“Texas prices, like all U.S. prices, reflect the current volatility of the global oil market. This week in Texas the average 14-gallon fill-up, which is about the size of a typical family sized vehicle, is about $50.  Last week that same fill up was $49.30, so the average 14-gallon fill-up went up about 70 cents,” said AAA Texas/New Mexico Public Affairs Representative Sarah Schimmer. “Oil is a global commodity and many global economic variables determine the price of oil per barrel and ultimately the retail price Texans pay at the pump."
To maximize fuel efficiency as well as extend the life of your car, AAA recommends motorists have their vehicle serviced regularly based on the manufacturer’s recommended schedule and identify a quality repair shop. Motorists can either look for the AAA Approved Auto Repair sign at local auto repair facilities, or search for a nearby AAA Approved shop online at: www.AAA.com/repair.

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