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Optimism for the COVID-19 vaccine and hopes for the beginning of an economic recovery have helped push up gasoline prices in Austin and nationwide. Austin gas prices have risen 5 cents per gallon in the past week and currently average $2.04 per gallon for regular unleaded gasoline, according to industry website GasBuddy.com, which tracks fuel prices nationwide. GasBuddy, which surveys 830 Austin-area stations daily, said prices in Austin are 15 cents higher per gallon than a month ago, although they remain 16 cents lower per gallon than a year ago. The national average price of gasoline has risen 4 cents per gallon in the past week, putting it at $2.38 per gallon. The national average is up 16 cents per gallon from a month ago and stands 17 cents per gallon lower than a year ago. "Gas prices have jumped to yet another multi-month high as crude oil prices rise amidst perceived improvement in the COVID-19 pandemic, which continues to pump prices up as demand shows renewed signs of recovery," said Patrick DeHaan, head of petroleum analysis for GasBuddy. President Joe Biden’s plans to cancel the Keystone XL oil pipeline could also push prices up, DeHaan said. Biden this […]
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