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Gas Prices Drop in Texas as Independence Holiday Arrives

Texarkana lowest at $2.43, El Paso highest at $2.58.

News KBMT
Bryan Rupp

Story Created: Jul 3, 2009 at 10:50 AM CST

Story Updated: Jul 4, 2009 at 2:35 PM CST

HOUSTON (AP) - Retail gasoline prices are falling this week heading into the July 4, 2009 holiday.

The weekly AAA Texas gasoline price survey released Thursday, July 2, 2009 showed the average price of regular unleaded self-serve fell by four cents in the past week to $2.49 per gallon. It also fell four cents nationally to an average of $2.63.

Auto club spokeswoman Sara Schimmer said July 4th is the time of year when gasoline prices often peak. If so, they've peaked at a level nearly $1.50 per gallon below last summer's high.

Texarkana has the cheapest gasoline in this week's survey at $2.43, seven cents below last week. The highest was in El Paso, where the average price fell three cents to $2.58 per gallon.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Saturday, Jul 4 at 12:20 PM S. F. wrote ...

Could be lack of demand due to job losses, who can afford to travel? Just wait til something pops up in our Gulf and see how quick prices jump again like before Ike. Get the money now before evacuation starts, ergo it is not really ''gouging''if not official emergency yet.

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