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.