Austin Drivers Continue Feeling Pain at the Pump

Average gasoline prices in Austin have risen 17.0 cents per gallon in the last week, averaging $4.28/g today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 55.0 cents per gallon higher than a month ago and stand $1.61/g higher than a year ago. The price of diesel has risen 22.6 cents nationally in the past week and stands at $5.518 per gallon.

According to GasBuddy price reports, the cheapest station in Austin was priced at $4.07/g yesterday while the most expensive was $5.19/g, a difference of $1.12/g. The lowest price in the state yesterday was $3.37/g while the highest was $5.20/g, a difference of $1.83/g.

“Gasoline prices surged over the last week to new record highs, but have finally started to slow their rise with diesel also finally cooling off,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With more Americans planning to hit the road for Memorial Day this year compared to last, prices will be over $1.50 per gallon higher than last year. Though, prices are appearing to slow down, for now. While the coast isn’t clear yet, and prices will be at their highest Memorial Day level ever, I’m hopeful that we could avoid a dreaded national average of $5 per gallon this year. Whether or not we’re able to depends on Americans cutting demand in the face of sky high prices.”

The national average price of gasoline has risen 11.0 cents per gallon in the last week, averaging $4.57/g today. The national average is up 45.4 cents per gallon from a month ago and stands $1.55/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

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