Gas Prices

Eric Reyna/KUT News

You might have noticed gas prices inching up, but crude oil prices are still waaaay lower than they were a year ago – so what’s behind the jump in gasoline?  Usually, higher prices at the pump are linked to the higher cost of crude oil. But at this time of year, people blame refineries.  

"What we’re seeing is that strong relationship between gas and oil fade," says Patrick Dehane, an oil analyst with Gasbuddy.com. "It is… I wouldn’t say a nasty breakup. But the two are becoming more distant because of refining.” 

Mose Buchele/KUT News

By now, the initial surprise over low gas prices has worn off. But people looking for the very best deals might have noticed a trend: Small, unbranded gas stations are often the first to cut prices when the price of crude oil falls. Many continue to stay competitive even when larger brand-name stations start cutting their prices as well.

Take Pronto Food Mart. It’s a tiny neighborhood gas station that was one of the first places in Austin to slash prices. It still offers the cheapest gas in Central Austin according to GasBuddy.com.

Shopkeepers at Pronto pride themselves on being on the front lines of the war against high gas prices.

ThoseGuys119/flickr

You might think every company with a large vehicle fleet would be happy about the low gas prices we’re seeing right now. But when it comes to gas prices, things are never that simple.

One of the largest vehicle fleets in Austin belongs to the Austin Independent School District. AISD's Transportation Director Kris Hafezi oversees more than 1,000 vehicles. About half run on diesel, and about half run on gas. So fluctuating gas prices used to make him nervous – but not anymore. "[AISD] has a fixed fuel contract with our provider."

Nathan Bernier, KUT News

Today, for the first time since 2009, oil prices dropped below $50 a barrel. Crude oil has shed nearly half of its value in the second half of 2014. While plummeting oil demand may throw the global economy off kilter, the falling prices have given drivers across the country reason to celebrate: cheap gas.

Nationally, the average gas price is around $2.19 per gallon, compared to $2.72 just a month ago, according to industry monitor GasBuddy.com. Austin’s average price is currently hovering around $1.98 a gallon. Still, some retailers have slashed prices below $1.99 and others are still charging well over $2 per gallon. With that in mind, here’s a list of where to find the top five cheapest, and most expensive, gallon of gas in Austin.

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From StateImpact Texas:

  Texas is getting more oil out of the ground than is has since the great boom of the 1970s. The oil fields of North Dakota are, for the first time ever, producing over one million barrels a day. Across the country, the boom has lead to predictions that the US will overtake even Saudi Arabia in oil production by the end of the year.  But is all that drilling helping US consumers at the pump?

A quick look at the numbers before the long weekend would indicate not. Prices were about 20 cents per gallon higher than this time last year, according to the US Energy Information Administration.

Erik Reyna, KUT News

If you’re happy to see lower gas prices lately, you’ll be happier to hear that there’s no sign in the short term that prices will rise.

Tom Kloza of the Oil Price Information Service says it’s a matter of supply and demand. “We certainly are on an upward ramp with supply and supply of crude, particularly oil shale crude, like the stuff that’s coming out of the Eagle Ford Shale in Texas,” Kloza says.

Erik Reyna/KUT News

Gas prices are up. Across Texas, regular is up 14 cents this week, according to AAA's Fuel Gauge Price Report. In Austin, average prices were up by almost 15 cents to $3.36.

Oil analyst Tom Kloza says prices often rise and fall with the seasons, but these are the highest gas prices Americans have seen for this time of year.

Nathan Bernier, KUT News

Hurricane Isaac is affecting gas prices across the state.

The average price of a gallon of unleaded is going for $3.66 in Austin – that's up ten cents from last week.

AAA Texas says the main reason for the price increase is that several refineries along the Gulf Coast closed before Isaac hit land. But analysts say gas prices will come down if the refineries re-open without storm damage.

Gas Prices Up Again

Aug 16, 2012

Gas prices around Austin are up five cents from last week and more than 20 cents from last month.

AAA Texas says Austinites are paying an average of $3.54 for a gallon of regular. That’s one cent higher than the state average.

Political tension in Iran and increased demand from the summer travel season are blamed for the increase.

Doug Shupe is a spokesman for AAA Texas. He says analysts believe prices will probably continue to go up – but there could be some relief soon.

flickr.com/m-i-k-e

Gas prices continue to inch back up. AAA Texas reports they are now at an average price of $3.36 a gallon in Texas.

The average in Austin is also $3.36, a 10 cent increase over last week. Prices are still about 20 cents cheaper than this week last year.

Erik Reyna for KUT News

For the first time in months, gas prices are up across Texas.

AAA Texas reports that the average price of gas is up seven cents, to $3.23 per gallon. The average in Austin is $3.19.

You can get cheaper gas the further north you go – three gas stations in Round Rock are selling gas at $3.02.

Flickr.com/exlibris

More Texans are planning to go on vacation this summer.

A new AAA Texas survey found 75 percent of Texans plan to take at least one summer trip. That’s up from 72 percent last year.

Lower gas prices may have something to do with the increase. In Austin, a gallon of unleaded is about 20 cents cheaper now than a year ago.

Around half of those who are traveling say gas prices are not significantly affecting their plans. The survey found those Texans who are going on vacation are finding ways to adjust their trip budgets for gas prices.

Texas gas prices have fell (very) slightly over the past week.
Photo by Erik Reyna for KUT News

Gas prices in Texas actually dropped over the last week – but not by much.

Prices in the state dropped by only about two cents, according to the AAA’s Daily Fuel Gauge Report.

Texans are paying an average of $3.82 a gallon. Austinites are still paying about 4 cents less than the state average, with rates of $3.78 a gallon. Gas locally is 10 cents more expensive now than it was a year ago.

Erik Reyna/KUT News

Gas prices are on the rise nationally, and Austin is no exception.

The price of gas in Texas has gone up another six cents this week, to $3.82 a gallon, according to AAA’s Fuel Gauge Report. That's up 25 cents over the last 4 weeks.

The price spike mirrors one hitting the entire country. But gas here is still a dime cheaper than the national average. Austin customers pay $3.75 at the pump, up from $3.58 a month ago.

Photo by KUT News

The price of a gallon of gasoline is capturing people’s attention – including presidential candidates.

The increase in gas prices is being felt nationally, and Austin is no exception. The AAA Daily Fuel Gauge pegs the current price per gallon in the Austin-San Marcos region at $3.51.

That’s still below the national average of $3.65. But locally, Austin’s current gas process have risen over six cents since last week; a year ago, Austin prices stood at $3.06.

Austin Gas Prices has a rundown of the lowest prices in the area. 

Oil prices have jumped sharply in the past two weeks, and the price of gasoline is also moving up. Across the country, a gallon of regular costs nearly $3.60 on average, with some areas facing $4 gas. That's causing sticker shock at the pump, and concern that rising prices could derail the economic recovery.

According to Daniel Yergin of Cambridge Energy Research Associates, gas prices are up because of the West's current confrontation with Iran and sanctions over that country's nuclear program.

KUT News

If you're hitting the road for the New Year's holiday you'll be paying a bit more for gas this week. AAA Texas is reporting that gasoline prices are four cents higher across the state as compared to last week.

The average price for a gallon of regular unleaded is $3.09. That's up from $2.90 last year.

Photo by Nathan Bernier, KUT News

The price of gasoline continues its downward slide ahead of the holiday travel season. More than 7.5 million Texans prepare to travel 50 miles or more for the holidays, according to a AAA survey.

A gallon of regular unleaded is selling for an average of $3.04 in the Austin-San Marcos metropolitan area, AAA’s Fuel Gauge Report says. That’s a decrease of five cents over the last week. It’s 12 cents less than the price a month ago.

But gas prices are still higher than they were this time last year, when a gallon of regular unleaded sold for an average of $2.81 in the Austin area.

The lowest gas in the city as of this posting is selling for $2.88 at three locations off Research Boulevard in North Austin, according what people have reported to AustinGasPrices.com.

Photo by Nathan Bernier, KUT News

For the 56 percent of Texans planning to take a holiday trip this Thanksgiving Day weekend, there's a sliver of good news from your local gas station. Gasoline prices are down six cents over the last week. They’re also down 14 cents over the last month, according to AAA’s Daily Fuel Gauge Report.

Photo courtesy Lyndon B. Johnson Presidential Library.

Remembering Cactus Pryor

A memorial service for Austin broadcaster Richard "Cactus" Pryor will be held this afternoon. He died Tuesday from complications from a fall and broken leg. He was 88 years old. Cactus spent 65 years on Austin's airwaves, both TV and radio.

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