Texas Gas Prices for March 12-18

Posted March 21, 2017

This time a year ago gas prices were down an average of 28 cents.

According to the price-comparison website GasBuddy.com, the cheapest per-pump price available without a wholesale club membership in Miami-Dade was $2.23 at Westar near Curtiss Parkway and North Royal Poinciana Boulevard in Miami Springs.

"A move higher or lower in the week ahead could determine the direction of prices the next few weeks or longer", he said.

Compared with the same day past year, the national average price of $2.29 is about 30 cents a gallon higher. "I remain optimistic that the annual spring rally at the pump could be less severe than expected, but remain cautious as it remains hard to know where the new path will lead oil prices in the week ahead", DeHaan said. In Canada, rig counts have blossomed as well, where 207 (300%) more rigs are online versus a year ago.

Crude oil prices fell to a 2017 low of $47.72 last Tuesday, but they returned to almost $49 a barrel by the end of the week.

Average gasoline prices fell in 32 states last week while rising in 18.

Unemployment rate rises in Three Rivers region
The number of unemployed residents rose by 397 to 2,863, while the number of employed residents decreased by 127 to 41,218. January unemployment rates fell in 205 of the nation's 388 metropolitan areas, rose in 147 areas and were unchanged in 36.

Saudi Arabia's energy minister last week said OPEC would be willing to extend production cuts agreed to in November beyond the six month agreement if global inventories remain bloated, AAA said.

The state average was $2.26, also a penny less than last week.

The price of gasoline is down once cent from last week.

Fuel prices typically rise in March as a busier driving season begins and refineries switch to churning out more expensive summer-grade gasoline.

Gas prices rose in just 18 states over the past week.