Gas prices rise causing the demand for gas to fall

POSTED: Wednesday, April 13, 2011 - 8:24am
UPDATED: Friday, April 13, 2012 - 9:54am

With tight gas budgets, many around Central Texas are starting to make sacrifices just to get themselves to work everyday.

A new report shows the demand for gas is decreasing because of rising gas prices, and sales at gas stations chains is falling.

Prices are now 32 percent higher than they were this time last year. The average gas price in Central Texas is around $3.70.

One local woman, Latricia Bradshaw, says this is affecting their summer vacation plans. Bradshaw says, "we're gonna have to cut back on where we go this year because of the gas prices being so high to where we're gonna have to shorten our trip versus a long one."

A pastor in Waco, Henry Tate, says he travels all over the state to preach. Pastor Tate says, "this is ridiculous. I hate these gas prices. Right now it's costly no matter what you do."

You can find the cheapest gas prices online, or by downloading applications on your phone.  However, some experts expect prices to continue rising, up to $5.00 per gallon.

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