Moving on up

By Chris Kromm / July 1, 2008

National average gas prices, July 1 2007: $2.97/gallon

National average gas prices, July 1 2008: $4.09/gallon

Source: AAA Fuel Gauge Report

PLUS: Is Texas benefiting from the oil price boom? The Houston Chronicle reports that the net balance sheet isn't great for the Lone Star state:

Despite what some people may think, the state isn't getting a windfall from high gasoline prices, because unlike the production taxes, which are keyed to prices, the state gasoline tax is a flat 20 cents per gallon and hasn't been increased since 1991.

And gasoline costs are straining some state agency budgets, as they are consumer pocketbooks, but on a much larger scale. School districts also will be hard hit when they start busing students to classes when the new school year begins later this summer.

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