Pump Pains Grow for Austin Drivers

Person pumping gas into an SUV

Average gasoline prices in Austin have risen 31.4 cents per gallon in the last week, averaging $4.53/g today, according to GasBuddy’s survey of 830 stations in Austin. Prices in Austin are 58.1 cents per gallon higher than a month ago and $1.91/g higher than a year ago. The price of diesel has risen 11.5 cents nationally in the past week and stands at $5.62 per gallon.

According to GasBuddy price reports, the cheapest station in Austin was priced at $4.25/g yesterday while the most expensive was $4.99/g, a difference of 74.0 cents per gallon.

The lowest price in the state yesterday was $3.99/g while the highest was $5.69/g, a difference of $1.70/g.

“After a blistering week of gas prices jumping in nearly every town, city, state and area possible, more bad news is on the horizon. It now appears not if, but when, we’ll hit that psychologically critical $5 national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gasoline inventories continue to decline even with demand softening due to high prices, a culmination of less refining capacity than we had prior to Covid and strong consumption, a situation that doesn’t look to improve drastically anytime soon. Nine states have average gas prices that stand beyond the $5 per gallon mark, with more set to join in the days and weeks ahead. In addition, diesel prices also stand at a record high, a second gut-punch to consumers which pushes prices of most goods higher.”

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