Don't look now, but we are getting hosed at the gas pump again.
The price of gas in San Antonio has gone up a dime just in the past two weeks, according to AAA Texas, and now stands at an average of $2.15 a gallon, News Radio 1200 WOAI reports.
That is a full 35 cents a gallon more than we were paying on April 14th of last year, according to the AAA.
Analysts say there are several reasons for the price hike.
First, this is the time of year when many refineries pause production to switch to more expensive, but cleaner burning, summer blend gasolines.
At the same time of that scheduled switchover, a major Libyan fuel terminal was put out of commission by ransom-demanding terrorists, and last week's missile strike against a Syrian airbase also spooked the world oil markets, leading to a spike in oil prices.
There is also a concern about OPEC extending a production cut that was agreed upon last fall in hopes of raising global oil prices.
But analysts agree that as oil production in the U.S., especially in the shale fields of Texas continues to ramp up, there will be a cap on prices, as new production provides a counterweight to increasing global tensions.
Most analysts tell 1200 WOAI news we should not see prices jump more about $2.40 to $2.50 a gallon this summer in the San Antonio area.
That's about what many people are paying now. The average national price of gas today is $2.40, and San Antonio and Texas continues to have among the lowest gas prices in the country.
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