Gas Prices

Jorge Sanhueza-Lyon / KUT

Gas prices could hit a 12-year low this summer. That’s as much as 40 cents lower than analysts thought they’d be in some parts of the country.

Texas Archive of the Moving Image

The Organization of Petroleum Exporting Countries is not getting a lot of love in Texas these days. David Porter, top oil and gas regulator at the Railroad Commission of Texas, has accused OPEC of declaring an "oil war" against the state. Porter is leaving the Commission this year, and some of those running to replace him have used similar rhetoric.  

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."

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