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Gas prices down 1 cent after 28-day increase

Retail gasoline prices in Texas have decreased just a penny a gallon since last week.

AAA Texas reported on Thursday that the average price per gallon at the pump was $2.55. Prices decreased 1 cent nationally to $2.68. The association says prices have stabilized after increasing for 28 consecutive days.

Galveston had the lowest price at $2.41 a gallon; El Paso had the most expensive gas at $2.69, up 2 cents from last week.

The association says prices have stabilized this week because oil prices are less volatile, and petroleum consumption is down.

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On the Net:

http://www.aaa-texas.org

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Copyright 2009, The Associated Press. The information contained in the AP Online news report may not be published, broadcast or redistributed without the prior written authority of The Associated Press.
 

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