Gas prices

The price hikes come as Texans grapple with high costs at the fuel pump and in grocery stores.

Experts say the oil market is volatile right now, and is likely to remain unpredictable for the foreseeable future.

Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.

China, India, Japan, South Korea and the United Kingdom are also tapping their emergency stocks. The goal is to try to bring down oil prices, which have been causing consumers pain at the pump.

All 27 metro areas in Texas saw prices at the pump spike in recent weeks. Regular unleaded averages in Corpus Christi, Dallas/Fort Worth, El Paso and Odessa jumped more than 10 cents per gallon. El Paso saw the largest jump at 31 cents.

The American Automobile Association reports nearly 3 million Texans will hit the road this Memorial Day weekend, an increase of 60% over the same holiday last year because of the COVID-19 pandemic.

The American Automobile Association reports the shutdown of the Colonial Pipeline will have little to no impact on gasoline supplies in Texas.

AAA says the national average is $1.997 per gallon and it's expected to drop further in the coming weeks. In a few places it's less than half that, but most Americans aren't driving much these days.

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