They say all good things must come to an end.
Your wallet just might be saying that–now that the average cost of filling up that gas tank in San Antonio–and across the country–is actually more expensive today than it was at this same time one year ago.
“That actually represents the end of a streak that we saw since July of 2014” Gasbuddy dot-com’s Gregg Laskoski told KTSA News, adding “Since July of 2014 until this past weekend, we had consistently seen gas prices that had consistently been lower than what they were in the previous year.”
The cause of it all remains all of the speculation around a potential production cut that could come from OPEC.
“This is all largely due tot he fact we’re seeing crude oil prices moving higher. Crude prices not surprisingly are also higher than where they were a year ago” Laskoski said.
If there is a positive, the San Antonio average did nudge very slightly lower over the weekend. Laksoki said he expects that to be the basic trend over the next month or so, until OPEC potentially comes up with a final decision on production at the end of November.
“We’re more than likely going to see prices edge slightly lower, but at a very slow pace” Laskoski said.