Gas prices jumped 12 cents a gallon in the past week

Posted Monday, Feb. 18, 2013  comments  Print Reprints

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Gasoline prices are up about 50 cents a gallon in the past month, easily outpacing a quick rise in crude oil prices earlier this year that has since plateaued and has even dipped in recent weeks.

Fort Worth-Arlington drivers are paying an average $3.59 a gallon for regular, up 12 cents in the past week and up 51 cents from a month ago, according to the daily survey by auto club AAA and Oil Price Information Service. Current prices are also up about a dime from a year ago.

The national average is $3.73.

Crude oil prices had been up nearly 10 percent in the year's first several weeks. But following that quick run-up, futures prices for West Texas Intermediate, the U.S. benchmark crude, and Brent, the international benchmark, are down in the past week.

The U.S. Energy Information Service last week said it expected gasoline prices to average $3.55 a gallon in 2013. EIA based its outlook on lower crude oil prices.

But regional refinery issues have contributed to the higher pump prices.

Jim Fuquay, (817) 390-7552

Twitter: @jimfuquay

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