Texas Gas Prices Hold Steady

HOUSTON (AP) _ Retail gasoline prices held firm this week in Texas.

The AAA Texas price survey released Thursday shows the average price of regular-grade gasoline remained unchanged from last week at $2.50 per gallon. Meanwhile, the average price nationally fell a penny to $2.63 per gallon.

The cheapest gasoline in the Texas survey is found in Galveston, where the average price remained unchanged at $2.45 per gallon. The most expensive gas is, again, in El Paso at $2.57 per gallon, four cents less than last week.

In a statement issued Thursday, the auto club says the ongoing price stability of gasoline has been matched by narrow changes in crude oil prices. Crude prices for 2009 topped out at $82 per barrel in late October and have stayed between $75 and $80.

More News

Texas Gas Prices Hold Steady

HOUSTON (AP) _ The retail price of gasoline held steady this week across Texas at $1.97 per gallon.

Triple-A Texas on Friday reported the nationwide average price rose 1 cent, to reach $2.05 a gallon.

The Dallas area has the most expensive price at the pump in Texas, with an average $2 a gallon. The association says San Antonio had the least expensive gasoline, averaging $1.91.

AAA Texas spokeswoman Sarah Schimmer says U.S. demand for oil still remains relatively low, most likely a byproduct of the slow economy. She says inventories of crude continue to build “despite producers efforts to slow production.”

More News