Gas Prices Hold Steady at Most Expensive Time of the Year

This is the time of year when gas prices peak, and it appears the San Antonio gas prices will peak at $2.53, still the cheapest in the state, News Radio 1200 WOAI reports.

The price of gas in the city has remained steady over the past week, while some cities have seen increases.  

The most expensive gasoline in Texas is in Midland.  The national average today is $2.88.

There are several factors that are affecting the price of gas, from increased pumping by OPEC to very strong demand due to the surging Texas and U.S. economies.

“As Texans get into the swing of summertime travel, gas prices in most cities across the state are going up slightly due to increased demand,” said Joshua Zuber, AAA Texas/AAA New Mexico spokesperson.

While the price of gas today is about fifty cents more than we were paying one year ago, it was ten years ago this week, in mid July of 2008, that San Antonio recorded the highest gas price ever, as the average rose to $3.96 and many stations around the city were selling gas for well over $4.

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