Gas prices to continue climbing in Houston

Gasoline prices climbed nearly 8 cents in Houston in the past week and they will likely continue to rise with warming weather, according to the gasoline price tracking website GasBuddy.

The average price per a gallon of gasoline in Houston was $2.41 Monday, about 29 cents higher than a  month ago and nearly 2 cents higher than a year ago. The cheapest gas in the area was $2.09 per a gallon Monday and the most expensive gas was $2.19 per a gallon.

Nationally the average gasoline price was $2.62 per a gallon Monday, up 7 cents from a week ago, 22 cents from a month ago and 2 cents from a year ago.

“Gasoline prices have increased in all 50 states in the last week as refineries continue working toward cleaner, more expensive gasoline and as oil prices have continued creeping higher,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Unfortunately as seasonal issues continue to weigh on markets along with higher oil prices, it’s likely we’ll continue to be in this pattern for at least a few more weeks.”

As refineries switch to more expensive summer blends of gasoline and as stocks decreased gradually, demand for gasoline has gradually increased since early February, according to AAA.

As the weather warms more people are driving which is causing an increase in demand for retail gasoline and at the same time supplies are shrinking as refineries go offline to prepare for the manufacture of summer-blend gasoline,” said Daniel Armbruster, AAA Texas/AAA New Mexico spokesperson in a statement.

Source

  • March 25, 2019
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