Paying More at the Pump
by: Laurie Johnson, August 13, 2009 11:08:02 pm
The summer season nearly always means higher gasoline prices.
Sarah Schimmer with AAA Texas says the Houston average for a gallon of regular unleaded is $2.50, up a nickel from last week.
"As we're rounding out the summer we're heading towards Labor Day, that's also a very auto-friendly driving vacation type weekend. Also the gasoline market is mirroring the oil market, meaning gas prices are following the same trend as the oil market."
And because the oil market is on an uptick, consumers are seeing higher prices at the pump.
"The price of oil recently is $71-72 a barrel today on the New York Mercantile Exchange and again gas prices are following the same trends, inching upward in the market just as oil prices are. A lot of that has to do with signs that the world economy is pulling out of recession and demands for oil will eventually increase."
Gasoline prices continue to rise, but to put things in perspective we were paying $3.61 a gallon this time last year. That means we're saving more than a dollar per gallon this time around.
Laurie Johnson. KUHF-Houston Public Radio News.