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Gas prices down 1 cent after 28-day increase

Retail gasoline prices in Texas have decreased just a penny a gallon since last week.

AAA Texas reported on Thursday that the average price per gallon at the pump was $2.55. Prices decreased 1 cent nationally to $2.68. The association says prices have stabilized after increasing for 28 consecutive days.

Galveston had the lowest price at $2.41 a gallon; El Paso had the most expensive gas at $2.69, up 2 cents from last week.

The association says prices have stabilized this week because oil prices are less volatile, and petroleum consumption is down.

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On the Net:

http://www.aaa-texas.org

___

Copyright 2009, The Associated Press. The information contained in the AP Online news report may not be published, broadcast or redistributed without the prior written authority of The Associated Press.
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