By Austin Business Journal

Gas prices in Austin continued to climb this week, jumping another 3 cents to about $2.94 per gallon of regular unleaded gas, AAA Texas reported Thursday.

Statewide and nationally the price escalated 2 cents to about $2.94 and $3.09, respectively. In Austin, the price is up 34 cents from the same week in 2010, but far below the $3.97 record.

San Antonio reported the least expensive in the state this week at an average $2.92 a gallon, a 3-cent increase from last week. Dallas motorists, on the other hand, are paying the most at $2.98 a gallon, a 2 cent increase.

AAA attributed the increase to continued crude oil prices in the $90 a barrel range. Oil prices were down Thursday to about $89 a barrel. Analysts are unsure if the price will continue to fall.

Copyright 2011 American City Business Journals

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