Gas Prices Spike Over $2

AAA cites the seasonal change to "summer blend" gasoline formulas and expectations of an improved economy for a spike in retail gasoline prices in Texas.

The weekly AAA Texas price survey released Thursday says the average price of regular self-serve unleaded gasoline climbed nine cents in one week to $2.04 per gallon.

A AAA statement issued Thursday cites the approach of the Memorial Day holiday and summer driving season, combined with expectations of an improved economy, for the increase.

"Summer blend of gasoline is now in use by gas stations because of pollution controls, that's adding to the price," said AAA spokesperson Dan Ronan.

Ronan said gasoline averaged $3.50 a gallon this time last year. He doesn't see that horizon again anytime soon.

"Gasoline consumption, oil usage remains very flat. People just are not driving nearly as much as what they were a year ago."

The most expensive gasoline in Texas is in Amarillo, where it rose 13 cents to $2.10 per gallon. The cheapest gas is in Houston, where it rose seven cents to $1.99 per gallon.

The national average for regular self-serve unleaded is $2.14, up nine cents from last week.

Copyright AP - Associated Press
Contact Us