Gasoline prices drop 4 cents in Texas

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Associated Press

Posted on July 9, 2010 at 7:31 AM

The Fourth of July holiday failed to give Texas retail gasoline prices their customary boost this year.

According to the weekly AAA Texas price survey released Thursday, the average price of unleaded regular at Texas pumps fell 4 cents this week to $2.57 per gallon despite the peak of the summer driving season.

Nationally, the average price fell 3 cents to $2.72 per gallon.

According to the auto club statement, crude oil prices are hovering at or below $75 per barrel after soaring as high as $91 this year.

The cheapest gasoline in Texas is found in Houston, where the average price fell 4 cents this week to $2.53 per gallon. The most expensive is in El Paso, where the average price fell 3 cents to $2.69 per gallon.

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