Gas prices jump 16 cents across Texas

Houston_Gasoline prices at the pump halted their monthslong decline and jumped an average 16 cents this week in Texas.

AAA Texas on Thursday reported the average retail price of a gallon of gas reached $1.62.  The cost of gasoline across Texas is still 13 cents less than the national average.  AAA Texas also says gasoline statewide is still about $1.30 lower than in early January 2008.

A statement from the group says a stronger dollar and hope for economic gain under President-Elect Barack Obama may have helped push up the price of gasoline. AAA Texas says other factors could be the fighting in Gaza and OPEC's recent announcement on cutting production.

Amarillo had the most expensive gasoline in Texas at an average $1.68 per gallon, up 22 cents from one week ago.  The survey found San Antonio with the least expensive per-gallon price, at $1.59, up 15 cents.

On the net:

Copyright 2009 by the Associated Press. All rights reserved.