For the primary time in additional than a month, the nationwide average price of gasoline rose.
“Primarily, this was due to oil prices that had jumped the prior week, pushing up the price that stations pay for fuel and thus causing them to raise prices,” stated Patrick De Haan.
The head of petroleum evaluation at GasBuddy stated the rise has been fairly tame in most areas, whereas others have continued to softly decline.
Average gasoline costs in Texas have risen 6.9 cents per gallon within the final week, averaging $3.76/g Monday, in line with GasBuddy’s survey of 13,114 stations in Texas.
Prices in Texas are 10.5 cents per gallon decrease than a month in the past and stand $1.16/g increased than a 12 months in the past.
“With the French election now behind us, there is risk that the EU could pursue harsher sanctions on Russia’s energy, which could cause oil prices to rise if it happens — something motorists should be on the watch for,” De Haan stated.
According to GasBuddy price stories, the most affordable station in Texas was priced at $3.35/g Sunday whereas the most costly was $4.79/g, a distinction of $1.44/g.
The lowest price within the state Sunday was $3.35/g, whereas the very best was $4.79/g, a distinction of $1.44/g.
“In addition, U.S. oil inventories continue to decline, putting additional pressure on prices as the nation’s SPR continues to drain and Russia’s war on Ukraine remains ongoing,” De Haan stated. “The global imbalance between supply and demand that led to these higher prices continues for the time being.”
The nationwide average price of gasoline has risen 4.4 cents per gallon within the final week, averaging $4.11/g at present.
The nationwide average is down 13.3 cents per gallon from a month in the past and stands $1.24/g increased than a 12 months in the past, in line with GasBuddy information compiled from greater than 11 million weekly price stories protecting over 150,000 gas stations throughout the nation.
Neighboring areas and their present gas costs:
• Midland Odessa – $3.73/g, down 1.4 cents per gallon from final week’s $3.75/g.
• San Antonio – $3.68/g, up 15.7 cents per gallon from final week’s $3.53/g.
• Austin – $3.73/g, up 9.7 cents per gallon from final week’s $3.64/g.
Historical gasoline costs in Texas and the nationwide average going again ten years:
April 25, 2021: $2.60/g (U.S. Average: $2.87/g)
April 25, 2020: $1.53/g (U.S. Average: $1.74/g)
April 25, 2019: $2.59/g (U.S. Average: $2.88/g)
April 25, 2018: $2.54/g (U.S. Average: $2.79/g)
April 25, 2017: $2.24/g (U.S. Average: $2.40/g)
April 25, 2016: $1.89/g (U.S. Average: $2.14/g)
April 25, 2015: $2.31/g (U.S. Average: $2.52/g)
April 25, 2014: $3.48/g (U.S. Average: $3.70/g)
April 25, 2013: $3.34/g (U.S. Average: $3.51/g)
April 25, 2012: $3.74/g (U.S. Average: $3.83/g)