Gas Prices Surge Across Texas Ahead Of Spring Break

Texans need to start preparing their budgets for higher gas prices because we have seen an 80-cent jump in the last two weeks. We have been spoiled paying close to the two-dollar mark for gas. Unfortunately, gas prices are once again breaking the three-dollar mark, which we haven't seen in a while.

If you thought the 39-cent jump last week was bad, it hit again this week.

Texas Gas Prices Jump Again This Week

According to AAA Texas, the average price of regular gas in Texas is $3.26 per gallon. Gas prices are 59 cents higher than last year.  This is going to make Spring Break budgets tight because most families probably budgeted for gas prices under $2.50.

• Amarillo's gas prices have increased 32 cents to $3.20 per gallon.
• Lubbock's gas prices have increased 38 cents to $3.23 per gallon.
• Midland's gas prices have increased 49 cents to $3.47 per gallon.
• Tyler's gas prices have increased 40 cents to $3.16 per gallon.
• El Paso drivers are paying the most in Texas at $3.55 per gallon, which is 38 cents higher than last week.

Where Gas Prices Stand Across Texas

The cost of crude oil has jumped to over $100 per barrel, and since oil is the main ingredient in gasoline, gas prices jump right along with crude oil. So gas stations pass the costs along to drivers, and you are now paying more at the pump.

Read More: Buc-ee’s Introduces New Card Pay Rule at the Pump

Why Gas Prices Are Rising Again

One of the main reasons is that the global markets are unstable because of what is going on in Iran. Another factor is that we are entering a holiday week.  With many people choosing to travel for Spring Break, the demand for gas is higher, which is another reason gas prices spike.

Read More: Quick History Of Texans Being Charged 9/10 On Gas Prices

When Could Gas Prices Drop

According to AAA Texas, the U.S. is planning on releasing 172 million barrels of oil from the Strategic Petroleum Reserve to help increase supply and stabilize prices.  However, it will be a while before you'll see the drop at the pump.

In the meantime, be prepared to pay more at the pump, and don't be surprised if gas jumps higher next week.