Survey Shows Gasoline Prices Still Plummeting

11-4-05 - Gasoline prices continue to plummet across Texas.

The weekly AAA Texas gas price survey released Friday found retail prices for regular, self-serve unleaded averaged $2.38 per gallon in Texas, down 14 cents from last week.

The costliest gas was in the Galveston-Texas City area, where pump prices averaged $2.50 a gallon. That was 17 cents less than last week. The cheapest gas was in Corpus Christi, where gas prices fell 16 cents to $2.17 cents a gallon.

The national average for regular self-serve was $2.45 per gallon, 12 cents less than last week.

The auto club says the average gas price has fallen 53 cents per gallon in Texas over the past four weeks.

AAA Texas spokeswoman Rose Rougeau credited falling fuel demand after the end of the summer driving season and increasing crude and gasoline inventories.

"Barring any unforeseen problems, prices should continue to move lower during the next few weeks," she said in a statement Friday.