economy
4:48 pm
Thu April 7, 2011

Average Austin Gas Prices Up 13 Cents In A Week

Drivers in the Austin-San Marcos area are paying an average of $3.60 for a gallon of gasoline, according to AAA's Daily Fuel Gauge Report. That compares to $3.47 just one week ago. And in those halcyon days of April 2011, we were shelling out a mere $2.69 for a gallon of regular unleaded. Prices have risen 29 percent since then.

We are still below the Texas average of $3.64 per gallon and $3.72 nationally.  But Austin is slowly creeping up towards the highest average price on record of $3.97 recorded on July 17, 2008. 

Prices are not expected to drop anytime soon with crude oil rising above $110 a barrel today for the first time in 30 months.

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