It’s a good idea to fill up your gas tank today before Tropical Storm Edouard hits. The good news is that it won’t cost you as much as it would have in prior weeks. This is the third straight week that prices at the pump for regular unleaded have fallen since they peaked around July 14 thru 17. This table summarizes the current prices according to the AAA’s Daily Fuel Gauge Report:

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.

photo credit: joguldi

No, this isn’t another story about Char and I taking a joy ride in an unattended golf cart. We’re grown up now.

There was a recent article in the Wall Street Journal about how a few Texans have taken to driving electric golf carts because of high gas prices. These cars seem limited to city driving since their maximum speed is only 25 mph and they have a range of just 30 miles. Still, they’re only paying 2 cents per mile compared to 20 cents per mile for a car that gets 20 mpg. For one person in the article, that equates to saving $100/month. With savings like that, the cars, which cost only $7,000-$18,000 nearly pay for themselves.

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:

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.

It appears that gas prices around the state have fallen since President Bush lifted the Presidential ban on offshore drilling last week. The President’s action was purely symbolic because a Congressional ban is still in place. Nevertheless, the price of oil fell significantly on the news. According to the AAA’s Daily Fuel Gauge Report, prices for regular unleaded gasoline peaked around July 14 thru 17, and have fallen since.  This table summarizes the fall:

So the average price fell 4.4 cents per gallon from $3.974 to $3.93. Let’s hope this trend continues.

Last week Beaumont had the worst prices in the state, but this week that distinction goes to Austin/San Marcos. The best price is in Amarillo.

If you’re not in the oil business and actually dislike higher gas prices, the Department of Energy lists sites that show the lowest gas prices in each Texas city. In addition to a bunch of commercial sites, the DOE site also has links to AAA’s Daily Fuel Gauge Report and the Energy Information Administration.

Right now, Beaumont-Port Arthur has the highest price for regular unleaded in Texas.