(October 27, 2008)—Gas prices have dropped to less than $2 a gallon in parts of the country, and some of the cheapest gas anywhere is in South Texas, where a gallon of regular unleaded is going for as little as $1.93 or $1.94 a gallon at stations in Harlingen, Brownsville and Edinburg, according to Texasgasprices.ocm

Nationally, the price of a gallon of gas has dropped more than 25 cents in the past week to an average of about $2.67 a gallon.

A report the U.S. Energy Information Administration released Monday afternoon shows the Gulf Coast had the cheapest prices with an average of $2.46 a gallon, down 27.4 cents in the past week.

The Midwest was next lowest at $2.497, followed by the East Coast ($2.684), the Rocky Mountain region ($2.762) and the West Coast ($3.05).

Nationally, the EIA reports the average selling price for diesel fuel was $3.288, down 19.4 cents in the past week.

Gasoline prices have been sliding as oil prices have dropped to the lowest level in more than a year, dipping below $62 a barrel at one point Monday.

Oil prices have plunged 57 percent from a record $147.27 on July 11th.

[CentralTexasVotes.com: Candidates, Campaigns And More ]
[More Local And State News]
[More National News]
[More Business News]
[Latest Religion News]
[Latest Health News]
[Latest Entertainment News]
[OffBeat News]
[News From Our Town]
[Latest Soldier Stories]
[Sports]
[Weather]
[Blogs]





Save some money! Save a tree! Get your morning news delivered directly to your email