Texas Gas Prices Defy Logic, Continue Decline

IRVING, Texas (AP) _ The retail cost of gasoline across Texas has fallen to $2.41 a gallon.

AAA Texas on Friday reported the average price at the pump was down 8 cents from one week earlier.

Gasoline prices also tumbled nationwide, settling at $2.56, compared to $2.63 last Friday

El Paso had the most expensive gasoline in the latest statewide survey, at $2.53 a gallon. Fort Worth had the cheapest gasoline, at $2.36.

Oil prices slid below $60 a barrel Friday as investors braced for company earnings reports next week.

Texas AAA spokesman Dan Ronan says demand for gasoline remains flat by historical levels.

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