The average price of a gallon of gas crept up slightly in Texas this week. The state-wide average is $3.25, which is two cents higher than last week.
Retail gasoline prices across Texas have slipped 4 cents this week as travelers prepare to hit the road for the holidays.
Soaring gasoline prices are in the rearview mirror. For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas.
The Texas Department of Transportation (TxDOT) is preparing for a bumpy ride as Congress considers extending the gas tax.
The Internal Revenue Service is increasing the tax deduction motorists can take for using private vehicles for business, a rare midyear move sparked by high gas prices.
Just in the last week, gas prices in North Texas jumped 12 cents. A gallon of regular unleaded now costs an average of $3.79. But consumers and businesses aren’t feeling the impact at just the pump alone.
Climbing retail gasoline prices still have found no ceiling in Texas nor nationwide. Dallas and Fort Worth have the state’s most expensive gasoline at $3.79 per gallon, 12 cents more than last week.
Dallas resident Mark Fuqua just returned from working out of state for one month, where he didn’t have to worry about filling his 1993 Jeep up once. An empty tank welcomed him home, and he was soon off to the gas station, where he found that gas prices had soared to nearly $3.50 a gallon while he was away.
The ‘pain at the pump’ has become somewhat familiar. Gasoline is now $3.00 a gallon, and even higher at some locations. But for the most part, drivers appear to have become ‘conditioned’ to the sticker shock.
The average price of a gallon of gasoline this week continued to march steadily to $3 a gallon. In some parts of the country, it’s above that already.
Consumer prices posted a small rise in August, but outside of a big jump in volatile gasoline prices, inflation was essentially flat.