Increased demand on crude oil and Russia’s invasion of Ukraine have caused gasoline prices around Texas and nationwide to jump.
Minwoo Kim grimaced when he looked up at the gas price board Tuesday just before filling his car at a RaceTrac station near Dallas’ medical district.Kim, 26, drove into the station near Maple Avenue and Inwood Road after class at UT Southwestern looking to spend his usual $20 a week on fuel. Typically, he said that’s enough to get a near empty tank of his red 2017 Volkswagen Jetta to close to three-quarters full., it was closer to about half a tank on Tuesday.
The average U.S. price of regular gasoline hit a record high of $4.17 a gallon Tuesday, according to AAA. The average was $4.06 a gallon on Monday, $3.61 a gallon last Tuesday and $3.45 a gallon one month ago. “Honestly, if we continue on the same trajectory, we could possibly surpass it by the end of the week,” Armbruster said. “It’s unclear at this point when we’ll see price averages fall.”
According to AAA, Dallas ranks seventh in Texas metro average prices as of Tuesday. The $3.88 a gallon average is more than the Fort Worth-Arlington area, Houston, San Antonio and Austin area.
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