Gasoline prices start declining due to dip in crude prices

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Thu, Aug 7, 2008
Oil Market News
Post by Mike Rodger, Oil Reporter

Gasoline prices declined by another 7 cents last week in Texas as the average price for a gallon of gasoline dropped below $3.74 a gallon.

AAA Texas Corporate Communications Manager Dan Ronan said:

As the price of crude oil continues to drop, drivers nationwide and in Texas are beginning to really see the benefits. Prices have fallen by about a quarter nationwide and by about the same amount in the state. This means that a motorist who purchased 15 gallons of gas at $3.99 a gallon can now expect to get 16 gallons for the same total cost. All of the great work done by motorists this summer to conserve fuel and consolidate trips appears to be paying off.

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