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01/03/2013

Texas gasoline in 2012 had costliest year

The year ended relatively well, but during all of 2012 gasoline pump prices averaged a record $3.43 in Texas for unleaded regular, says auto club AAA. The previous high was $3.37 in 2011, followed by $3.13 in 2008. In one bit of good news for drivers, prices tumbled toward the end of the year, finishing at $3.07 statewide and $3.05 in Fort Worth-Arlington. But that quickly turned around in 2013, with the state average up to $3.13 and the local average at $3.14 as of Thursday.

"AAA Texas forecasts that gas prices in 2013 will remain high, but may be cheaper than in 2012 due to increased domestic crude oil production and that demand is expected to remain lower than in recent years," the group said. “What happens with gas prices this year will depend what happens both domestically and globally,” said AAA Texas/New Mexico Representative Sarah Schimmer.

-- Jim Fuquay

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