Sandy plays role in falling gas prices in Texas

By: From Wire Reports
By: From Wire Reports

IRVING, Texas (AP) - Gas prices are sharply lower in Texas, and analysts say the drop is due in part to falling demand because so many vehicles and airplanes on the East Coast were idled by Superstorm Sandy.

The AAA Texas survey released Thursday says the average cost of a gallon of regular unleaded gasoline fell to $3.30 in Texas.

AAA Texas says demand for gas in the days after the storm was expected to be nearly 25 percent lower than normal for this time of year. While the storm did stop or slow production at some refineries, analysts say gas prices will continue to drop as long as production picks up as expected.

The most expensive gas in Texas was in El Paso at $3.43, while the cheapest was in Beaumont at $3.23.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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