Texas gas prices continue to approach $3 a gallon
Over the last week, retail gasoline prices throughout Texas shot up an average of eight cents, amid speculation that gas is cruising back toward the $3 mark, according to AAA Texas.
The statewide average price of gas is $2.75. This is up eight cents from last week.
San Antonio’s average retail price for gas is currently $2.68 a gallon. This is up seven cents from last week.
Higher retail prices are being blamed for rising commodity prices. Oil has been trading at or above $85 a barrel for the past week, its highest level since October 2008. AAA Texas says that last week’s jobs report stating that employers added 162,000 jobs in March is a major reason why gasoline demand will increase.