San Antonio gas prices see sharp increase from a week ago

Average gas price for regular unleaded fuel in San Antonio is now $2.85

A customer replaces the pump dispenser at a Chevron gas station in Columbus, Miss., Monday, Oct. 23, 2023. Chevron is buying Hess Corp. for $53 billion as major producers seize the initiative while oil prices surge. (AP Photo/Rogelio V. Solis) (Rogelio V. Solis, Copyright 2023 The Associated Press. All rights reserved)

SAN ANTONIO – Gas prices are on the rise across the San Antonio area as the gas price average for a gallon of regular unleaded fuel in San Antonio was $2.85 as of Tuesday morning, according to AAA Texas.

That’s a 9-cent increase from Monday and a 13-cent increase from just a week ago. The San Antonio average is three cents more than the statewide average of $2.82.

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Crude oil, the main ingredient in gasoline is becoming more expensive. Last week, crude prices were boosted by an unexpectedly large decline in U.S. inventories as well as data showing a sharp drop in production last week due to winter weather, according to AAA Texas.

Market analysts with Oil Price Information Service note that conditions could favor even higher crude oil prices in the coming weeks. When breaking down the cost of a gallon of gas, crude oil accounts for 50 - 60 percent of what we pay at the pump.

“More expensive crude oil is beginning to push retail gasoline prices higher, including here in Texas,” said Daniel Armbruster, spokesperson for AAA Texas. The best way to save on fuel is to drive a well-maintained vehicle, go the speed limit, and utilize the free AAA mobile app to find the cheapest gas near you.”

About the Author

RJ Marquez is the traffic anchor/reporter for KSAT’s Good Morning San Antonio. He also fills in as a news anchor and has covered stories from breaking news and Fiesta to Spurs championships and high school sports. RJ started at KSAT in 2010. He is proud to serve our viewers and be a part of the culture and community that makes San Antonio great.

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