By Gary Borders
The price of a gallon of gasoline tops $3 across much of the state, which is up more than $1.20 from a year ago, according to AAA. The average price for regular gas in Texas stood at $3.03 per gallon on Sunday as crude oil prices continue to creep up, closing above $80 per barrel. Crude oil price is one of a quartet of factors that influence the cost of gasoline, reported The Dallas Morning News. The cost of refining, distribution expenses and taxes also affect the price at the pump.
“Things have really picked up steam in terms of national gas prices in the last two-and-a-half to three weeks,” Patrick De Haan, head of petroleum at fuel savings app GasBuddy, told the newspaper. “The national average had been stable for a long period of time, but suddenly the price of oil surged, and the price of gasoline followed along with it.”
