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Good news: Texas gas prices fall

12:22 PM CDT on Thursday, October 2, 2008

Associated Press

AP

HOUSTON—The effects of Hurricane Ike on the Texas retail gasoline market fades this week, allowing prices at the pump to fall by an average of 10 cents per gallon.

The weekly AAA Texas gas price survey released Thursday showed regular-grade self-serve was averaging $3.50 per gallon at Texas pumps.

Nationally, regular grade averaged $3.60 per gallon, also down a dime from last week.

“Supplies in Texas appear to be sufficient to meet demand, and prices are falling nearly back to the level they were before Hurricane Ike,” said auto club spokeswoman Sarah Schimmer. “The refineries and pipelines are reopened and increasing their capacity to refine and deliver gasoline.”

El Paso has the state’s most expensive gasoline with regular grade averaging $3.59 per gallon, down 6 cents per gallon.

Amarillo has the cheapest average price at $3.29 per gallon, down a dime from last week.

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