Have you driven by a Lufkin gas station lately and done a double take to make sure you’re not seeing things? Prices at some stations have dropped below the $3 mark. Good news if you’re traveling for Christmas.
In mid to late November, gas prices in East Texas were about 15 cents higher than they are now. A gallon of gas averages about $3.10 in Texas, down from $3.25 around Thanksgiving.
Hurricane Sandy may have wreaked havoc on the Eastern seaboard, but its aftereffects are providing drivers all over the country with a bit of relief at the pump.
School will be out soon and summer vacations will begin. Will gas prices keep you close to home? For some it’s “gas prices be darned … road trip ON!!”
Most gas prices in East Texas are still below $4 per gallon, but some stations are flirting with that $4 mark. Find out where the cheapest gas is here.
Turmoil in the Middle East is nothing new. Gas prices going up is nothing new. What is new is the possibility that we could be looking at prices at the pump lurking in the neighborhood of $5 a gallon by the summer. And that’s painful.
Remember the summer of 2008 when the highest gas prices on record occurred and the price for a gallon of fuel hit $4.11?
Hate to break this to yah, but a warm winter and tensions in the Middle East have some analysts predicting current prices will top $4 by this spring — and could even climb as high as $6.50.
If it seems like it’s costing more and more to fill up your gas tank, it’s not just your imagination.
On average, a gallon of fuel costs 22 cents more than it did at this time last year. Worse yet, experts think it’ll climb higher still.
Thanks to a steep drop in crude-oil prices, gas costs have fallen below $3 a gallon in parts of Michigan, Missouri and Texas, and are expected to decline in many other states as well.
Call it an unexpected bright spot in the global economic crisis. Now that drivers have cut back on trips, shippers are moving fewer goods, and vacationers are staying closer to home, the demand for gasoline, diesel and jet fuel has fallen accordingly. And as we all learned in Economics 101, less demand equates to lower prices.
