Average retail gasoline prices in Rio Grande Valley have risen 6.8 cents per gallon in the past week, averaging $3.37/g yesterday. This compares with the national average that has increased 6.3 cents per gallon in the last week to $3.49/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 77.0 cents per gallon higher than the same day one year ago and are 7.1 cents per gallon lower than a month ago. The national average has decreased 12.0 cents per gallon during the last month and stands 66.3 cents per gallon higher than this day one year ago.
"Highlighting what I've reiterated for weeks, we're seeing gasoline prices continue their volatile trend, and this time that trend is upward," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "So far, the national average hasn't taken off like the number of Detroit Lions football fans, but I do expect that over the next week, we'll see a continued rise in gasoline prices. Prices will rise slowest in the Rockies, while moving fastest in the Great Lakes, as we've already witnessed. It's important to note that wholesale gasoline prices are now at their highest since early September, when the national average was $3.66/gallon," DeHaan added.
GasBuddy.com operates over 200 live gasoline price-tracking websites, including RioGrandeValleyGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.