Texas Gas Prices Climb, Remain Below National Average

Average retail gasoline prices in Texas have risen 2.7 cents per gallon in the past week, averaging $3.58 per gallon yesterday. This compares with the national average that has increased 5.2 cents per gallon in the last week to $3.71 per gallon, according to gasoline price website TexasGasPrices.com.

Including the change in gas prices in Texas during the past week, prices yesterday were 19.9 cents per gallon higher than the same day one year ago and are 21.3 cents per gallon higher than a month ago. The national average has increased 27.8 cents per gallon during the last month and stands 24.1 cents per gallon higher than this day one year ago.

"Gasoline prices have spiked considerably higher in virtually every area over the last two weeks, and while I don't expect the pace of the recent rise in prices to continue for the entire month, a similar jump may again occur closer to April Fools Day, and it won't be a funny joke, it'll be disgusting reality," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The rise in price is so unbelievable that we may have to revise upward our previous gasoline forecast that had called for a national average of between $3.75 to $4.15 by mid-May, as the national average already stands at nearly $3.72/gallon," DeHaan said.