Fuel prices hold steady with struggling oil prices

Prices at the pump remain flat after a two-week stint of falling oil prices that kept fuel prices from rising.

The Houston-area average for a gallon of regular unleaded gasoline still rose nearly half a cent in the last week up to $2.08, while the national average remains at $2.29, according to GasBuddy, which tracks fuel prices and refining activity.

Fuel prices typically rise in March as a busier driving season begins and refineries switch to churning out more expensive summer-grade gasoline. However, oil prices have fallen most of the past two weeks because of global oversupplies, depressing the anticipated hike in gasoline costs…

 

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