Experts say gas prices might continue to increase
You've probably noticed gas prices are starting to creep up again across North Texas. Soon, you might be paying even more at the pump.
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You've probably noticed gas prices are starting to creep up again across North Texas. Soon, you might be paying even more at the pump.
You've probably noticed gas prices are starting to creep up again across North Texas. Soon, you might be paying even more at the pump.
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Drivers might have experienced sticker shock on Tuesday when gas prices ticked up a bit compared to Monday to the angst of drivers.
Gas prices have now come down more than 40% since peaking at $4.84 in mid-June, according to data from AAA.
The national average gas price has dropped below $4 for the first time since March of this year, though prices in Texas have been under $4 for a few weeks now.
The national average gas price has dropped below $4 for the first time since March of this year, though prices in Texas have been under $4 for a few weeks now.
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
Gas prices have fallen a bit after record prices earlier this year to the delight of many drivers.
Rising gas costs might make electric vehicles more appealing.
President Biden is calling on Congress to suspend federal gasoline and diesel tax for three months to help travelers during the busy summer season.
The national average price has jumped 19 cents in just the past week, and it's up $1.93 from this time last year.
As we see the prices at the gas pump continue to break record, there's a conversation about whether an electric car makes sense financially.
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Brace yourself! According to AAA, the current price per gallon in the Lone Star State is $4.34... but it's higher in DFW.
More than 3 million Texans are expected to travel this Memorial Day Weekend and most of them will be hitting the road. According to AAA, their trips come at a time when gas prices continue to surge.
Of the major metropolitan areas surveyed in Texas, drivers in Arlington, Dallas and Fort Worth are paying the most for gasoline.
It's the Biden administration's latest attempt to bring gas prices down for Americans.
According to AAA Texas, the statewide gas price average is $3.77 for a gallon of regular unleaded fuel.
North Texans won't see much change until the economy fully adapts, which may be months away.
"It sounds like a lot, but one million barrels a day is only equivalent to 1% of global oil output," said retired SMU economist Bud Weinstein.
Drivers in Maryland and Georgia have seen almost immediate relief from tax holidays. But there could ultimately be a cost.
According to AAA Texas, the statewide gas price average is $3.89 for a gallon of regular unleaded fuel. That price is seven cents less than from this day last week.
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Lots of eyes will be on the state's power grid this week when temperatures are expected to reach record highs.
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"We are going to pay the lowest price there is in the world," President Trump said Monday.
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