Cheer up, gas prices are going down again

Gas prices might not be near Michele Bachmann’s $2 gas promise, but prices are declining.

AAA Texas reported today the average cost per gallon fell 6 cents to $3.38 since last week. The nationwide price dropped 7 cents to settle at $3.55 per gallon this week.

Houston’s prices dipped 6 cents to $3.33, but Fort Worth/Arlington and Dallas have the lowest price in the state. Prices dropped 10 cents in Fort Worth/Arlington to settle at $3.29. Dallas was slightly higher with $3.31 per gallon, a 9-cent drop.

Those prices are a long way from the highest average price for gasoline. AAA spokeswoman Sarah Schimmer said Texas had its highest average gas price on May 13 at $3.89 per gallon. So if you are counting, prices have dropped a little more than 50 cents in four months.

The bad news?

Consumers are paying more for gas, food, rent and other items in August, raising inflation pressures, the Associated Press reported last week.

7 Comments

  1. mark

    Why is it that inn the near northwest of Houston gas on average is 6 cents higher than any other part of town. It’s mostly lower middle class neighborhoods and gas cost more than of Memorial drive and the Galleria. There has to be a gas mafia out their.

    #1
  2. BigAl

    I understand when oil was $150 a barrel that gas was $3.50 a gallon, but now that its $80, gas should go back down to the $2 range. Don’t tell me we’re not getting screwed over by the oil and gas industry.

    #2
  3. I paid $3.06 (Not a Typo) in Bridge City yesterday.

    #3
  4. Richard Roma

    @ Mark

    I think there is a gas mafia. Near Bush. Prices stayed the same regardless of the oil prices dropping. They just drop down this week after a few weeks of falling oil prices. I think because the gas station a block away lowered thier prices. I think it safe to say that the owner of that station woke up with a severed horse head.

    #4
  5. Mike

    For a website focused on energy, you guys should refer to gasoline as gasoline, not gas, especially in light of recent interest in shale gas production, natural gas is frequently in the news.

    #5
  6. established.facts

    ya know what this reminds me of ? a bunch of kids teasing other kids who didnt have enough money to get a ice cream from the ice cream truck….
    when are the poor little rich kids gonna start acting like adults and stop teasing the hand that feeds them ?

    #6
  7. electric rodeo

    6 cents….lmao…well whoopdeeefreakindoooo !!!!!!!

    #7