Spring Break travelers are noticing a trend at the gas pumps this week. Gas prices are rising.
The average cost per gallon Wednesday, according to gasbuddy.com, is $1.81 in Texas. The lowest price is $1.39. Locally, on Wednesday morning, the lowest price for fuel is $1.72.
The fuel app did say that current prices are the lowest prices during Spring Break since 2004 in some parts of the country.
Prices are down 46.5 cents from 2015’s $2.426 per gallon and up 26.4 percent from February’s average of $1.697. In the week ending March 11, U.S. crude oil refinery inputs averaged 16.0 million barrels per day, according to petroleum reports from eia.gov, which said that the total is 85,000 barrels per day more than the previous week’s average.
The report also said that U.S. commercial crude oil inventories increased by 1.3 million barrels from the previous week. At 523.2 million barrels, U.S. crude oil inventories were at historically high levels for this time of year, at the time of the report. Total motor gasoline inventories decreased by 0.7 million barrels last week, but are well above the upper limit of the average range.
To the average consumer, the increase won’t break the pocket book or the travel budget. In fact, gasbuddy.com said at these prices, it’s ideal to pack the bags and hit the road.