Gas Prices Plummet Amid Falling Demand

10-21-05 - Gasoline prices plummeted across the state because of falling demand, according to the weekly AAA Texas price survey released Friday.

According to the survey, the average retail price of regular unleaded self-serve gasoline fell almost 14 cents a gallon in the past week to about $2.69 per gallon.

The biggest decrease came in Fort Worth, where prices fell nearly 22 cents a gallon to $2.66.

The lowest average price was in Corpus Christi, where it fell 17 cents a gallon to $2.60. The highest average price is in Galveston-Texas City, where the average price fell 8 cents to $2.79 a gallon.

"Demand for gasoline showed its biggest year-to-year decrease in more than a decade as motorists cut back on their driving after pump prices topped $3 a gallon in September," said AAA Texas spokeswoman Rose Rougeau.

"As demand for gasoline continues to drop, retail gas prices will follow," she said.

The national average for regular self-serve is down about 7 cents a gallon from last week to about $2.71.