Did you come down with a case of sticker shock when you filled up at the gas pump over the Memorial Day Weekend?
New numbers show the San Antonio average jumped by about five-cents over the last week.
“That’s still well below the national average at $2.32, and below the Texas average at $2.09” said Gasbuddy dot-com’s Will Speer, who told KTSA News the jump in the last week puts the Alamo City’s average price per gallon easily over the $2 mark.
And while the Memorial Day Weekend may be behind us, Speer said there’s little chance we’ll see any real relief from the rising pump prices any time soon.
“Now you have the kids out of school, and folks are taking driving vacations just for the summer break. That keeps a lot of pressure on demand still” Speer said, also pointing to the oil market on which crude is selling for around $50 per barrel right now.
“Although that’s great news for Texas as a whole for the economy, that’s not great news for motorists for what it will do for prices at the pump” Speer said, adding the recipe is there for prices to continue to climb over the next several weeks.
“I think we’ll go back down to the three to four-cent increase week on week–as demand keeps pushing prices upwards” Speer said.