EL PASO, Texas (KFOX14/CBS4) — EL PASO, Texas (KFOX14/CBS4) – Rising fuel prices are continuing to squeeze drivers and small businesses across El Paso, as the average cost of both regular gasoline and diesel continues to climb.
According to AAA, the average price of regular gasoline in El Paso is about $3.90 per gallon, while diesel has climbed to more than $5.00 per gallon.
To better understand what’s driving the recent increase, KFOX14 spoke with UTEP economist Tom Fullerton, who says a combination of global conflicts and strong energy demand is pushing prices higher…