Texas gas prices up sharply on oil, ethanol costs - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports
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IRVING, Texas (AP) — The price for gasoline in Texas has jumped sharply, increasing by 13 cents on what analysts say is pressure from oil prices and a drought-driven boost in the cost of ethanol.
The weekly AAA Texas survey released Thursday said Texans were paying $3.49 on average for a gallon of regular unleaded. The national average is also up sharply to $3.66 per gallon.
Analysts for AAA Texas say global crude oil prices are on the rise, as are the costs for domestic ethanol because of severe drought in the Midwest.
The Dallas-Fort Worth area has the most expensive gas in Texas at $3.52, while the least expensive is in El Paso at $3.21.
Analysts are still predicting that gas prices could drop when the summer driving season ends next month.
Weather outlook for Thursday, May 24
Weather outlook for Thursday, May 24
To better protect the communities they serve, the Randall Co. Sheriff's Office is in the process of forming their first ever SWAT team.
To better protect the communities they serve, the Randall Co. Sheriff's Office is in the process of forming their first ever SWAT team.
New homes are in the works as northwest Amarillo sees new development in the area.
New homes are in the works as northwest Amarillo sees new development in the area.
Before your children make a splash in the camp pool, doctors warn parents and children not to let their guards down.
Before your children make a splash in the camp pool, doctors warn parents and children not to let their guards down.
The family of 9-year-old Jayro Ponce is honoring his memory with the Team Jayro Memorial Scholarship.
The family of 9-year-old Jayro Ponce is honoring his memory with the Team Jayro Memorial Scholarship.
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