IRVING, Texas (AP) - Rising crude oil prices are being cited as
a factor in a jump in retail gasoline prices in Texas and across
the nation this week.
The weekly AAA Texas price survey released Thursday said the
average price of a gallon of unleaded regular rose by 8 cents
across Texas to $2.63.
The national average jumped 7 cents, to $2.76, still well above the state's average.
The auto club said the market is responding to investor activity
in oil prices. Crude oil that was in the $76-a-barrel range in late
September is slightly below $83 a barrel now.
The cheapest average gasoline prices in Texas are in Houston and
Galveston at $2.58, both are 7 cents more than last week.
The most expensive gas is in Amarillo at $2.72, a nickel more than last