Transportation costs are rising, but the costs are far more than people realize, according to a new report.
The average price of a gallon of gasoline in Texas jumped 6 cents in August, according the National Association of Realtors.
That was the first increase since the start of the year.
The average price for a gallon rose $0.20 over the same month in 2016.
The price of gas jumped in the Bay Area and across the country, but in Texas the price of fuel was the highest of any state, according a report from the National Retail Federation.
The cost of gas in Texas was about three times as much as in the Midwest, the report said.
Gasoline was cheaper in Texas than in the Gulf Coast states.
The report said the cost of heating in the state jumped by nearly 50 percent from 2016 to 2018.
That’s because more people are moving to cities and suburbs, the NASF report said, meaning more heating costs.
Gas prices also jumped across the U.S. from July to October, reaching an all-time high in November.
That increased costs for consumers who purchase gas.
The price of gasoline rose in the Northeast and Midwest, but not in the South and West.
In addition, the price for diesel rose in Texas, but remained lower than it had been in the past.
The NASF said a growing number of states are facing budget deficits because of higher gasoline and diesel costs.
In Texas, for example, the state’s total revenue has fallen by $100 million a year since 2018, according its report.
Greg Abbott said Tuesday that the state has taken steps to lower the costs of living, including offering tax breaks to help middle-class families.
He said the state is on track to eliminate its projected budget deficit by 2027.