Gas prices statewide on the rise

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TEXAS (Nexstar)- The statewide gas price average in Texas is $2.16 per gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch.

That price is three cents more than on this day last week and is three cents more per gallon compared to this day last year.

Drivers in Abilene are paying the most on average at $2.36 while drivers in the Sherman-Denison area are paying the least at $2.05 per gallon.

The streak of the statewide gas price average being cheaper year-over-year is finished, according to AAA.

Texas drivers saw savings while filling up compared to the average price per gallon last year – as much as $1.12 a gallon less – for 342 days. Market analysts attribute the rise in gas prices to increasing crude oil prices.

Crude oil has been trading at higher prices due to optimism about COVID-19 vaccines renewing demand later this year and oil production cuts promised by members of the OPEC.

“Typically, this time of the year, gas prices trend downward,” said AAA Texas spokesperson Daniel Armbruster. “That is not the case this year as crude oil continues to price at levels not seen since mid-February 2020.”

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