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Texas gas prices falling fast

HOUSTON -- Retail gasoline prices keep plummeting across Texas as crude oil prices fall on world markets.

The weekly AAA Texas survey released Thursday finds regular-grade self-serve gasoline averaging $3.28 per gallon statewide. That's 22 cents lower than last week and about 12 cents less than the national average.

Crude oil on the spot market has fallen from a record $147.27 per barrel on July 11th to below $90 now. The global economic crisis has slashed demand, and Gulf refineries are back to normal production levels after disruptions by Hurricane Ike.

The state's costliest gasoline is in El Paso, where regular fell 12 cents from last week to $3.47 per gallon. The cheapest is in Corpus Christi, where it fell 35 cents from last week to $3.05 per gallon.

Comments

Posted by Civic05 on October 10, 2008 at 10:49 a.m. (Suggest removal)

Gas is $2.70 a gallon here in rural E. Tenn!

Posted by mulligun on October 10, 2008 at 2:52 p.m. (Suggest removal)

Dont bragg, we can turn the pipeline off,

Posted by rlc00b on October 10, 2008 at 4:04 p.m. (Suggest removal)

I saw 2.96 at a station on S 14th.

Posted by poole1125 on October 10, 2008 at 4:18 p.m. (Suggest removal)

inbetween 2.75 and 2.99 in temple, texas!

Posted by Hill_Country on October 10, 2008 at 6:52 p.m. (Suggest removal)

I hope the Arabs can't afford to feed their camels!

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