AAA Texas: Fuel costs hold climbing as demand stays very sturdy | KLBK | KAMC


This file photo shows a fuel nozzle at a gas station. (Photo by Joe Raedle / Getty Images)

LUBBOCK, Texas – Retail gasoline prices continued to rise this week due to demand across the Lone Star State, according to the AAA Texas press release.

The nationwide average price for a gallon of regular unleaded fuel was reported on Saturday at $ 2.841 and was trending higher.

“The upward trend in gas prices continued for another week, if only a few cents for the national average,” said Daniel Armbruster, spokesman for AAA Texas. “And while crude oil prices have been on a roller coaster ride lately, they are still higher than last year, so we’re all paying more for gasoline.”

The Motor Club found that Texas drivers paid the fourth lowest gasoline prices on average across the country this week.

The national average price for a gallon of regular unleaded gasoline was reported on Saturday at $ 3.167 and was trending higher.

The latest data from the Energy Information Administration (EIA) showed that gasoline demand in the US fell from a record high of more than 10 million barrels a day to 9.3 million barrels a day from week to week.

The EIA said weekly regional fueling numbers increased slightly and the refinery utilization rate on the Gulf Coast was unchanged from the previous week.

AAA Texas said rising crude oil prices are the main driver of what Americans pay at the pump.

Crude oil prices fluctuated this week as OPEC + members try to reach an agreement on global production.

In Lubbock, AAA Texas reported that the average retail price on Saturday was $ 2.801. reported an average retail price of $ 2.77 here in Hub City. The website also noted that motorists in Lubbock could find regular unleaded gasoline prices as low as $ 2.64 per gallon.