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09/29/2011

Texas, U.S., gasoline prices continue to fall, AAA Texas says

Gasoline prices continued to drop in Texas this week, falling 11 cents on average this week to $3.27 for a gallon of self-serve regular, AAA Texas reports today in its Weekend Gas Watch.

The national average is $3.45, also off 11 cents, and the statewide average is 18 cents less than the national average.  Texas’ most expensive gas is in Amarillo, at $3.40.  Fort Worth is reporting the least expensive average in the state at $3.14, off 16 cents.

“Market analysts say the downward pressure on the market price of crude oil is the result of the same global economic weaknesses that have been weighing down the commodities markets for several weeks,” AAA Texas said.

“Growing concern that Greece will default on its debt and the impact this would have on an already struggling international economy, and the slowing pace of the U.S. economy is pressuring crude oil prices lower.  A sluggish global economy means less demand on crude oil. “

- Scott Nishimura

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Yes you re right, Gas prices not climbing from here is important for the economy.

Gas prices not climbing from here is important for the economy to get back on track and for consumers to keep some money in their pocket especially with health care prices spiraling out of control. It seems as though as one ME crises abates--in this case Libya---another seems to move to the front --in this case Iran.

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