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Gas Prices On The Rise In Austin


Average gasoline prices in Austin have risen 0.6 cents per gallon in the past week, averaging $3.16 per gallon.

This compares with the national average that has fallen .06 cents per gallon in the last week to $3.26 per gallon, according to gasoline price website AustinGasPrices.com.

Including the change in gas prices in Austin during the past week, prices are 4.3 cents lower than the same day one year ago and are 10.3 cents per gallon higher than a month ago.

The national average has decreased 1.4 cents per gallon during the last month and stands 18.7 cents per gallon lower than this day one year ago.

"The holiday buzz is wearing off and wholesale gasoline prices have fizzled. It appears that this year there will be little change in gas prices between Christmas and mid-January, something that has only happened one out of the last seven years. Gasoline inventories have rebounded sharply in the past several weeks, certainly a major factor behind the relatively stable gasoline prices. It's hard for prices to rally with the monster increases in supply we've been seeing," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

Find the lowest gas prices in town at keyetv.com/community/features/gas-watch/.