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Ouch, Prices At The Pump Take A 14-Cent Jump
You’re paying about 14 cents more a gallon on average at the gas pump than you paid last week.
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IRVING (October 22, 2009)--Retail gasoline prices in Texas have increased by 14 cents a gallon since last week, AAA-Texas reported Thursday.
AAA says the average price per gallon at the pump was $2.47.
Prices increased 13 cents nationally to $2.62.
The increase was the state's largest since an 18-cent bump in May 2008.
Houston and Galveston had the lowest price at $2.43 a gallon, up 17 cents in Galveston and 16 cents in Houston.
El Paso continues to have the most expensive gas at $2.51, up 10 cents in the last week.
The auto club cites energy experts who believe the increase is a result of traders buying and storing petroleum products in anticipation of an economic recovery.
Latest Comments
Posted by: Minuteman
Location: Temple, TX
on Oct 22, 2009 at 04:24 PM
The unregulated trading of oil futures is what drove the gas prices to 4 and 5 dollars a gallon and higher. Has the Obama administration done ANYTHING to prevent it from happening again? NO!
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