Gas Prices

economy
4:44 pm
Thu June 9, 2011

Gas Prices Drop 7 Cents In A Week

Photo by Erik Reyna for KUT News

Gasoline prices in the Austin metropolitan area are down seven cents from last Thursday, according to a report from AAA Texas. A gallon of regular unleaded is selling for $3.583. Last week, it was $3.654. However, that’s still up substantially from a year ago, when the price was $2.625.

Last week, we talked to an oil analyst who said he expects gas prices to drop by as much as 35 cents this summer.

OPEC, however, may have different plans. The oil cartel signaled yesterday that it would not boost oil production. That sent prices for crude oil back above $100 per barrel.

Read more
News Brief
5:32 am
Fri June 3, 2011

Top Morning Stories June 3, 2011

Gas prices have fallen about eight cents across the state this week.
Photo by Erik Reyna for KUT News

Gas Prices Drop in Texas

Some good news if you're filling up your tank this weekend- AAA Texas reports gas prices in Texas have dropped eight cents this week to $3.62 a gallon. Austin drivers are paying an average of $3.64.  The association says one reason prices are lower is a drop in crude oil prices.

Read more
News Brief
6:13 am
Fri May 27, 2011

Top Morning Stories May 27, 2011

Wildfires destroyed property near Possum Kingdom Lake in mid-April. Gov. Perry is appealing the federal government's denial of a Major Disaster Declaration for the ongoing wildfires in Texas.
Photo by SSG Malcolm McClendon.

Governor Perry Appealing for Federal Wildfire Aid

Texas Governor Rick Perry has sent a letter to President Obama appealing the federal government's decision to deny the state a Major Disaster Declaration for this wildfire season.

Read more
economy
3:54 pm
Thu May 26, 2011

Oil Analyst Says Gas Prices May Drop By 35 Cents This Summer

Photo by Erik Reyna for KUT News

Average gas prices in the Austin-area are down by nine cents from last week. And you should expect them to drop further, according to Tom Kloza. He is the chief oil analyst at the Oil Price Information Service in Wall, New Jersey. We reached him this afternoon by telephone.

KUT News: What’s your forecast for gasoline prices over the next few weeks?

Read more
transportation
3:05 pm
Thu May 26, 2011

Austin Gas Prices Drop Ahead of Long Weekend

Photo by Callie Hernandez for KUT News

We’re still just 25 cents shy of the all-time gas price record for the Austin metro area, but the price for a gallon of regular unleaded dropped nine cents from this time last week.  

The latest fuel price report from AAA Texas says gas is selling for an average $3.72 in the Austin-San Marcos region. That compares with $3.81 last Thursday. The highest recorded average price was $3.975 back in July 2008.

Read more
Austin
4:20 pm
Fri May 13, 2011

Austin Gas Prices Near Record High

High gas prices could come down a bit in the coming days.
Photo Courtesy flickr.com/photos/klubvibez

AAA Texas says a gallon of regular unleaded gas in Austin is at $3.88 this week. That's 5-cents more than last week and just 10-cents away from an all time high in Austin.

Read more
economy
4:48 pm
Thu April 7, 2011

Average Austin Gas Prices Up 13 Cents In A Week

Photo by Erik Reyna for KUT News

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.

Read more
News Brief
6:06 am
Thu February 24, 2011

Top Morning Stories February 24, 2011

The space shuttle Discovery is seen shortly after the Rotating Service Structure was rolled back at launch pad 39A, at the Kennedy Space Center in Cape Canaveral, Florida, on Wednesday, Feb. 23, 2011.
Photo and caption courtesy of NASA/Bill Ingalls

Discovery Launching Final Time Without Austin Astronaut

All eyes will be on the sky on this historic day for space flight.  Austin Astronaut Timothy Kopra is not taking part in Discovery’s final flight.  Kopra suffered injuries from a bicycle accident last month.  NASA replaced him with another astronaut for the mission.  Discovery’s launching this afternoon from the Kennedy Space Center in Florida.

Report: Border Apprehensions Down

Read more
Austin
11:45 am
Wed February 23, 2011

Gas Tops $3.00 a Gallon in Central Texas

Fuel prices cross the $3 per gallon mark in Central Texas.
Image by Eric Reyna for KUT News

Fuel prices are giving Central Texas drivers some gas pains again.

The Triple-A's "Fuel Gauge Report" puts the average price for a gallon of regular unleaded just under $3.02.  That's about it's about three cents cheaper than the statewide average.

Drivers who use diesel are being hit even harder, with that fuel running an average of $3.44 a gallon.

Business
12:08 pm
Fri January 14, 2011

As Austin Gas Prices Rise To $2.91, Get Ready To Shell Out Even More

Image by Erik Reyna for KUT News

The latest fuel price report from AAA says Austin gas prices have risen to an average of $2.91 for a gallon of regular unleaded. That's up about 10 cents from last month and almost 30 cents higher than it was this week last year. And most signs point to gas prices climbing even higher.

Read more
Environment
4:31 pm
Tue December 28, 2010

How Would Peak Oil Affect Your Life?

Drivers currently clog I-35 in downtown Austin and other highways, but some experts say that could disappear in a matter of decades for lack of oil.
Photo by Callie Hernandez for KUT News.

Nationally, gas prices are hovering around $3 a gallon these days. It’s far off the record price of more than $4.10 in the summer of 2008. Remember those days? Well, what about $5 dollar, even $10 dollar a gallon for gas?

To understand the rest of this story, you need to get one concept: peak oil.

Read more

Pages