Texas retail gasoline prices jump since Ike

IRVING, Texas (AP) - Retail gasoline prices across Texas jumped 16 cents in the past week as recovery efforts continue from Hurricane Ike.

AAA Texas on Thursday afternoon reported the statewide average price for gasoline reached $3.70 per gallon.

The national average price for retail gasoline was $3.83, also up 16 cents in the past week.

The industry group reports the least expensive gasoline was in Corpus Christi, at $3.62 per gallon. Texarkana had the highest average price, at $3.78 per gallon.

Ike slammed the Gulf coast, making landfall at Galveston, last Saturday.

AAA Texas spokeswoman Sarah Schimmer says the big question now is how long it will take the refineries and oil rigs to get power restored and come back online.

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On the Net:
http://www.aaa-texas.org

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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