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

Brush Fork Road to Close for Bridge Replacement

The project is slated to start March 24.

Special Olympics to Host Breakfast with the Easter Bunny

The event is set for April 13 at South Ripley Elementary School.

Rolling Roadblocks Scheduled for Pothole Patching on Various Road in Boone Co.

Crews will be pothole patching on Aero Parkway (KY 1017), KY 237, I-275 and I-75.

Bill Brinkman to Receive Outstanding Official Award

Brinkman is in his 35th year as an official.

Seven Earn Academic All-State Honors from ICGSA

To be eligible, student-athletes have to have a GPA of 3.5 or higher.

Craig, Henry Named to HBCA East All-Star Team

Two Ohio River Valley Conference stars will team at the HBCA East/West All-Star Classic. 

On Air

Your Hometown Radio Station playing
Little Texas - What Might Have Been

Dan + Shay Bigger Houses 0:17
Reba McEntire Can't Even Get the Blues 0:14
Eric Church Some of It 0:10
Alan Jackson Midnight In Montogmery 0:06