texas

Gas Prices Up a Penny in Texas, Elsewhere

Retail gasoline prices in Texas and across the rest of the country rose a penny this week.

AAA Texas on Thursday reported the statewide average price at the pump was $2.20 per gallon. Drivers across the U.S. are paying an average $2.38 per gallon.

The association survey found Amarillo has the cheapest gasoline in Texas this week at an average $2.10 per gallon. Drivers in Fort Worth face the highest gasoline prices statewide at an average $2.25 per gallon.

Association experts say the market remains lukewarm after a late May meeting with OPEC and non-OPEC producers regarding an extension of production cuts, now planned through March 2018.

AAA officials also say rising gasoline demand as the summer travel season begins has resulted in dropping gasoline inventories across the U.S.

Copyright AP - Associated Press
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