Gas Prices Rise 10 Cents
Gas prices continue to jump in Austin. A gallon of regular gas is up 10 cents this week to $3.49, according to AAA Texas. Prices are higher because of increased demand from summer travel and the refinery fire on the West Coast. The Midwestern drought is also causing the cost of ethanol to go up.
“Another factor is the hurricane season,” says Doug Shupe AAA Texas. “We’re getting into the more active part of that hurricane season. And certainly if we have storms that could impact the price of fuel as well.”
Despite the hike, gas is still 17 cents cheaper in Texas than the U.S. average. Some analysts expect lower gas prices after Labor Day Weekend.