Just In Time For The Holidays, Price Drops At The Pump In Texas

HOUSTON (December 19, 2012)--Retail gasoline prices statewide dropped 6 cents this week, as millions of Texans get ready to travel during the holidays, AAA-Texas reported Wednesday.

AAA-Texas said the average price at the pump slipped to $3.03 per gallon.

Retail gasoline prices fell 7 cents nationwide to settle at $3.23 per gallon.

An association survey found that Fort Worth has the state's cheapest gasoline, averaging $2.98 per gallon while Amarillo has the most expensive gasoline in Texas at $3.10 per gallon.

Experts say gasoline prices have dropped because of cheaper crude oil prices, lower demand and economic concerns, along with increased inventories.

AAA predicts nearly 7.7 million Texans will hit the road during the 11-day period holiday from Saturday through Jan. 1, and that most of them will travel by vehicle.

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