San Antonio motorists are feeling the squeeze as gas prices surge, with the latest figures indicating a significant march upwards at the pumps. According to Fox San Antonio, there's been a sharp 12 cents increase from the last week, elevating the average cost to $3.07 per gallon—which is perilously close to the average price at this time last year and up by almost 34 cents compared to last month.
The highest price for gasoline in the city peaked at $3.47 per gallon, while the lowest price spotted was $2.60. GasBuddy's meticulous tracking of 886 gas stations across San Antonio provides these figures and pinpoints the most economical gas rates for drivers trying to save a buck here, one there, it's a constant juggle for residents trying to stretch their paychecks.
This trend is not confined to San Antonio; the statewide average for Texas has seen a notable uptick. As per KSAT, Texans are now paying an average of $2.94 for a gallon of regular unleaded fuel—a 14-cent jump in just one week and 35 cents more than a month ago. The most expensive average in the state was recorded in El Paso at $3.29 per gallon and the cheapest in Lubbock at $2.64 per gallon.
Experts from AAA Texas are pinpointing the cause of these hikes to the tightening grip on supply and the recent changes in the crude oil market, with West Texas Intermediate crude experiencing a price surge, approximately two dollars more expensive than last month, and gasoline supplies falling by seven million barrels in the span of two weeks these factors combined have culminated in the persistent increase in fuel prices across the state.
The national landscape mirrors this trend, with an entire country feeling the sting of a 13-cent rise from last week and an average price of $3.28 for a regular gallon of unleaded. While the direct impact from Russia's war in Ukraine continues to recede, seasonal travel behavior and the fluctuating crude oil costs are significant contributors to the inflated gas prices that Americans are contending with as they drive into the spring season.
