Austin, TX
Travelers headed to Austin for SXSW should be ready for spiking gas prices amid tariffs
Lately, the back-and-forth of tariffs across North America may have consumers feeling like spectators at a tennis match.
And the dizzying on-again off-again tariffs on imports from Canada and Mexico may be playing a part in the fluctuation of gas prices.
While Texas is known for having cheaper gas, its metros are seeing prices rise and drop unpredictably. Now, after more increases, and with an influx of travelers ready to pour into Austin for the South by Southwest Conference and Festival, visitors should expect higher-than-normal gas prices.
Austin gas prices remain higher than other Texas metros
According to data gathered by the American Automobile Association, the last week has brought increased gas prices for most cities across the state.
In Texas’ capital, that week-to-week increase was more muted at eight cents from $2.71 per gallon last week to $2.79 this week, however, it does represent the stabilization of prices at a higher mark.
This was also the seventh-highest increase in the state, as many cities in North Texas saw significant upticks in pricing. Cities like Dallas, Fort Worth, Denison and San Angelo all saw spikes of over 10 cents per gallon.
The Dallas area had previously been an anomaly in that it was a major metro with falling gas prices. Now, it seeing the highest increases at 18 cents week-over-week in both Dallas and Fort Worth.
Despite these notable increases, of the 27 cities surveyed in AAA’s data, 14 saw decreases in gas prices from last week to this week.
What Texas cities have the cheapest gas? And what is the statewide average?
According to the latest AAA data, Houston currently has the cheapest gas among major Texas metros at $2.66 per gallon. San Antonio sits in the middle of Texas’ metros at $2.80, just ahead of the rapidly increasing Dallas and Fort Worth metro areas — both at $2.84.
By far, the most expensive gas in a Texas metro is in El Paso, averaging $2.97 per gallon this week. This is noticeably higher than the $2.73 state average and is the highest price among all Texas cities surveyed in AAA’s data.
While El Paso is certainly more expensive to gas up in than other cities in Texas, it is important to note that it is still a healthy amount below the national average of $3.11.
Why are gas prices increasing right now?
According to new data from the Energy Information Administration, gasoline demand is decreasing year over year, something that is expected to continue. Also, the total domestic gasoline supply dropped from 248.1 million barrels to 247.9. Gasoline production also decreased last month, averaging 9.2 million barrels per day.
These composite decreases have resulted in surging prices across the country, but especially in California — where maintenance has stymied oil production.
As President Donald Trump threatens reciprocal tariffs across the globe, this, too, could potentially drive prices up. Canada, Mexico and Brazil are all notable suppliers of U.S. gasoline and have been threatened with tariffs by Trump.
Given that these countries make up roughly 30% of the U.S. crude oil market, an escalating trade war could provide these nations, especially Canada, with some leverage over gas prices.
Beck Andrew Salgado covers trending topics in the Austin business ecosystem for the American-Statesman. To share additional tips or insights with Salgado, email Bsalgado@gannett.com.
AUSTIN (KXAN) – Trevor Goosby is a projected first-round pick in the upcoming 2027 NFL Draft. The Texas offensive lineman anchors the group up front for one of the best teams in the country and was named a preseason All-American by Walter Camp.
But his football career felt in jeopardy when he was in high school.
“That was kind of my biggest question,” said Goosby. “I was really nervous because would I be the same football player coming back?”
Goosby was born with a congenital heart defect and had open-heart surgery when he was just 16 years old. He wasn’t sure how this would change his everyday life, including his football career.
“Definitely a lot of nerves just because you’re getting your ribs cracked open essentially and getting your heart worked on…It was a scary moment. I remember driving up to the hospital super nervous.”
Goosby was able to recover and become a great football player. He said not only has he become a person in learning to fight through adversity, but it helped him as a player as well with improved endurance.
Now, the star Longhorn is giving back as much as possible.
Goosby hosted a camp in Austin to benefit the Children’s Heart Foundation. The organization works to fund research on congenital heart defects.
The offensive tackle is matching all donations up to $20,000 made to the Children’s Heart Foundation through the event and campaign.
“It means a lot to me just because of the heart condition I did have back when I was 16. That just kind of changed my life. I just want to bring awareness to that.”
The camp was at Hyde Park High School in Northwest Austin. Goosby spoke about what he hopes the young campers took away from the event.
“I think it’s just more than football. Football is a big part of what I do but it’s not who I am…I just want to show all these kids that I’m just another great guy and just someone they can look up to.”
AUSTIN, Texas — Texas is getting its first major new national stock exchange in decades, and finance experts say it could create new opportunities for Austin’s tech companies and startups looking to grow.
The Texas Stock Exchange is launching this week in Dallas, with live trading expected to begin as early as Friday. The exchange began operations Monday, and it says all publicly traded stocks should be available on the platform by the end of the month. Thousands of publicly traded stocks are expected to be available by then.
Ray Perryman, President and CEO of the Perryman Group, said the launch signals Texas’ growing influence in the financial sector.
“It really lets the world know that Texas is indeed a major player in this industry,” Perryman said.
Gov. Greg Abbott called the exchange another sign of Texas’ expanding economic reach, saying, “This is another step that expands the financial might of Texas in the United States, and cements our economic power on the global stage.”
ALSO| Past and present teachers are charged with improving student outcomes in Texas
Perryman said the exchange could provide another path for companies to go public and could help attract more growing companies to Austin and the rest of the state. He said the added access to capital could have ripple effects across the economy.
“It increases opportunities for firms in the area to expand, have access to capital, to be more profitable. That means they hire more people. That means they pay more taxes. That means they buy more things in their supply chains,” Perryman said.
Texas ranks second in the U.S. for Fortune 500 headquarters, behind California and ahead of New York. With the Texas Stock Exchange set to launch, experts say Austin’s startup community could see even more growth.
Perryman said Austin-area tech firms could benefit from having an in-state exchange option.
“They’ll now have a vehicle here in Texas that will be more efficient and less expensive to register on than the traditional exchanges,” Perryman said.
Perryman said the exchange’s success will depend on how many companies choose to list on it, how much investment it attracts, and how many additional companies decide to move to Texas.
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