(October 13, 2008)—Gas prices were down sharply Monday in Texas and around the U.S.
The Lundberg Survey shows the average price of a gallon of self-serve regular has gone down by 35 cents over the past two weeks nationally to $3.31.
Mid-grade was $3.45 as of Friday and premium was $3.57.
The cheapest gas was in Wichita, Kansas, at $2.79 for a gallon of regular.
Honolulu has the most expensive at $3.91 a gallon.
The Lundberg Survey averages prices from 5,000 gas stations around the country.
The average price of a gallon of regular unleaded in Texas was about $2.96 Monday, according to Texasgasprices.com, which found that prices around the state ranged from as little as $2.28 a gallon at a station in Harlingen to as much as $3.91 a gallon at a station in Lubbock.
Texasgasprices.com
Meanwhile Monday, a pledge by European countries aimed at helping the banking sector was credited for giving oil prices a lift, as crude rebounded from a 13-month low to more than $80 a barrel.
The market was weighing OPEC's decision to call a special meeting next month amid members' concerns that prices have fallen about 45 percent since soaring to a record $147.27 on July 11.
Light, sweet crude for November delivery was up $2.77 to $80.47 a barrel in electronic trading on the New York Mercantile Exchange.
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