Steady Declines in Gas Prices Could Be Halted by Refinery Fire in Texas

The national average is down 11 cents from a month ago.

Shutterstock photo.

WASHINGTON, D.C. – A fire at a major oil refinery in Texas could negatively affect gasoline prices.

AAA reported Monday that the national average for a gallon of unleaded gas fell two cents to $3.28. While there has been a steady decline in gas prices in recent weeks, a fire at the Exxon Mobil Corp refinery in Baytown, Texas could lead to prices going up. 

Spokesperson Andrew Gross said consumers could begin seeing higher gas prices if repairs drag on.

The current national average of $3.28 is 11 cents less than a month ago and $1.03 more than a year ago. Locally, motorists in the Greater Cincinnati area will see an average price of $2.96 per gallon as of Tuesday.

According to the Energy Information Administration (EIA), total domestic gasoline stocks increased by 5.5 million bbl last week as demand decreased.

The EIA says falling demand and increased supply typically supports decrease in gas prices, but fluctuations in the price of crude oil have helped to keep pump prices elevated.

For more information, visit Gas Prices Drift Lower in the Face of Uncertainty | AAA Newsroom

More from Local News

Events

Free Summer Meals Available to Students Across Indiana

Several Summer Food Service sites are located in southeastern Indiana.

Milan Gym Lobby Dedication Set for June 17

Players from the 1954 championship team will be there. The event is open to the public.

Local Sports Report - June 8, 2023

Area golfers competed at the IHSAA Regional on Thursday.

Rising Sun Baseball Set for Trip to Jasper for Semi-State

Community members are invited to send off the Shiners on Friday afternoon.

Batesville's Schebler to Play in North South All-Star Game

Schebler is the 9th player in Batesville history to be selected to play in the All-Star Game.

On Air

Your Hometown Radio Station playing
Russell Dickerson - Every Little Thing

Tanya Tucker Delta Dawn 16:28
Hailey Whitters Everything She Ain't 16:25
Kip Moore Beer Money 16:21
Mary Chapin Carpenter I Take My Chances 16:18