Energy Crunch Pushes Fuel and Motor Oil Prices Higher
· Texas Border Business
Texas diesel prices have surged to a record average of $5.8814 per gallon, up from $5.5033 last week and $3.1989 a year ago, according to AAA. The national average for regular gasoline hit $4.3289, with Texas averaging $3.8558, a significant increase from $2.7876 last year. These price hikes are linked to ongoing disruptions in global oil supplies due to conflicts in the Middle East. Additionally, Costco has raised prices on its Kirkland Signature motor oil and imposed purchase limits, with a two-pack now costing about $58, compared to $30 last year. Oil prices remain high, with Brent crude at $105.74 per barrel.
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