Average retail gasoline prices in Rio Grande Valley have risen 1.8 cents per gallon in the past week, averaging $3.12/g yesterday. This compares with the national average that has fallen 0.7 cents per gallon in the last week to $3.28/g, according to gasoline price website RioGrandeValleyGasPrices.com.
Including the change in gas prices in Rio Grande Valley during the past week, prices yesterday were 31.6 cents per gallon higher than the same day one year ago and are 16.1 cents per gallon lower than a month ago. The national average has decreased 15.0 cents per gallon during the last month and stands 32.2 cents per gallon higher than this day one year ago.
"Gasoline prices remain in limbo across parts of the U.S. while oil prices continue to swing in different directions as traders digest changes in market sentiment," according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The national average remains subdued close to levels that we saw last week, but prices may soon move slightly higher as they follow a rising trend in wholesale gasoline prices," DeHaan added.