Gas Prices Continue to Fall

by Graham on July 28, 2008

Continuing the trend we reported early last week, gas prices have continued to fall. According to the AAA’s Daily Fuel Gauge Report, prices for regular unleaded gasoline peaked around July 14 thru 17, and have fallen ever since. This table summarizes the current prices:

City Peak Date Peak Price Today’s Price
Amarillo 7/16 $3.983 $3.856
Austin/San Marcos 7/17 $3.975 $3.889
Beaumont/Port Arthur 7/16 $4.001 $3.865
Corpus Christi 7/15 $3.960 $3.836
Dallas 7/16 $3.983 $3.859
El Paso 7/17 $3.967 $3.904
Fort Worth/Arlington 7/16 $3.975 $3.839
Galveston/Texas City 7/14 $3.968 $3.865
Houston 7/17 $3.960 $3.848
San Antonio 7/16 $3.957 $3.858
Texarkana (TX only) 7/16 $3.981 $3.827

So in the last week, the average price fell 7.1 cents per gallon from $3.93 to $3.859. If gas prices continue to decline at this rate, gasoline will be free in 54 weeks!

Folks in Beaumont get a reprieve this week as El Paso over takes them for the dubious distinction of highest priced gasoline in the state, and now Texarkana is the cheapest place to buy gas.

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