Gas prices are up 60% over last year in Texas, but vacation inflation is being seen across the board, with airfares up more than 48% and hotel prices up 46%...
The statewide average Thursday hit $4.34 for a gallon of regular unleaded fuel, according to the. That’s eight cents more than a week ago and $1.63 higher than the same day last year.vacation inflation is being seen across the board“New retail gas price records continue to be set across the state as crude oil prices remain elevated due to tight supplies around the globe,” said AAA Texas spokesman Daniel Armbruster.
AAA said the price runup is largely being driven by concerns that supplies could tighten as COVID lockdowns ease in China and the European Union phases in additional Russian oil restrictions.
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