IRVING — A weaker dollar and a crude oil price spike are blamed for a jump in retail gasoline prices in Texas and across the country.
The weekly AAA Texas gasoline price survey released Thursday found that a gallon of regular unleaded is selling for $2.68 per gallon, a nickel more than last week. The national average price rose a nickel to $2.86 per gallon this week.
The state’s cheapest gasoline is $2.64 per gallon in San Antonio and Galveston, a nickel more than last week in San Antonio and 4 cents more in Galveston. The most expensive gasoline in Texas is $2.73 per gallon in Amarillo, up a nickel, and Texarkana, where it soared 11 cents from last week.
The auto club says gasoline prices are 15 cents higher than at this time last year, despite lagging demand.
Nevada gasoline prices jump
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Many travelers will hit the roads this holiday season, and as usual, gas prices will be higher. However, the cause of high gas prices may be different this year. AAA spokesperson Christi Allen says one of the main reasons prices have been rising is the high price of crude oil.
Like many commodities, crude oil is priced in U.S. dollars, and if the dollar is weak, the price of commodities goes up. That is bad news when the dollar is at an all-time low. In Reno the average price at the pumps is $3.10 per gallon.
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