Texas oil prices have surged and gasoline prices are going through the roof, with some states now averaging double-digit increases.
The Texas Railroad Commission says gasoline futures are up nearly 25% over the past three months, and it expects prices to rise as much as 40% over that span.
The Texas Department of Transportation has been increasing fuel efficiency requirements on vehicles in the state.
The state’s gasoline and diesel prices are rising at a time when many U.S. drivers are struggling to make ends meet.
Texas’ unemployment rate is nearly eight percent, and the number of people on food stamps is almost nine times the national average.
The average gas price in Texas is up about 10% from last year.
The price of a gallon of regular gasoline in Texas has increased about 13% in the past year.