LUBBOCK, TX (KCBD) – Oil prices were under pressure on Thursday, but held firmly above $100.00 a barrel. The rise in oil prices is what is being blamed for the latest round of hikes on the price at the pump.
Across Texas, the price for a gallon of regular unleaded jumped an average of 22 cents this week. This is the largest jump in gas prices since 2005 when Hurricane Katrina hit Louisiana. The price hike in gas has even affected Lubbock, as of early Thursday the price of gas was around $3.40
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