Fort Worth-Arlington gasoline prices have skyrocketed 17 cents a gallon in just a week, with the average price for a gallon of regular at $3.31, according to a report today by auto club AAA, Oil Price Information Service and Wright Express.
The average was $3.14 this time last week
Local gasoline prices below $3 a gallon have have quickly vanished. In fact, the lowest pump price listed early this morning at http://www.fortworthgasprices.com/ was $3.13.
The average U.S. price for regular is $3.47, or 16 cents higher than the Fort Worth-Arlington norm.
The average prices for other fuel grades in the Fort Worth-Arlington area are: midgrade, $3.46; premium, $3.61; and diesel, $3.66.
Rising oil prices have been cited as a key reason for the big jump in prices, because gasoline is refined from oil and oil makes up a majority of the cost of a gallon of gas. Various other market factors also can affect prices.