Monday AM October 27th, 2008

Gas stations in Texas are reporting prices well under $3 a gallon. The average price of regular unleaded gasoline has fallen by more than 29 cents in the state, compared to last week. AAA's Dan Ronan says we're about 22 cents lower than the national average.
"In Texas right now the average price for a gallon of gasoline is $2.55 a gallon. And this is the first time nationwide that all across the board that gas prices have been below $3 a gallon."

Ronan says AAA's National Office believes gas prices nationwide could be as low as $2.50 per gallon before Thanksgiving, and even lower by the end of the year. Americans have been cutting the number of miles they're driving and reducing fuel consumption, but AAA says there could be an increase in discretionary driving because gasoline prices have fallen below the $3 mark.

image of Houston traffic


Another national survey shows gas prices continue to decline, tumbling nearly 53 cents a gallon in the last two weeks. The average price of a gallon of regular gasoline at self-serve stations was $2.78 Friday. Mid-grade was at $2.93 and premium was at $3.05. That's according to the Lundberg Survey of 5,000 gas stations nationwide, released Sunday. Gas was cheapest in Wichita, Kansas, at $2.26 for a gallon of regular. It was most expensive in Anchorage, Alaska, at $3.50.

Bio photo of Ed Mayberry

Ed Mayberry

Local Anchor, All Things Considered

Ed Mayberry has worked in radio since 1971, with many of those years spent on the rock 'n' roll disc jockey side of the business...