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Texas, nationwide retail gasoline prices decline 4 cents
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Texas, nationwide retail gasoline prices decline 4 cents

COPPELL, Texas (AP) — Texas and nationwide retail gasoline prices have dipped 4 cents this week amid declines in crude oil prices.

AAA Texas on Thursday reported the statewide price at the pump was an average $1.61 per gallon. The average U.S. price was $1.82 per gallon.

Association officials say the current gasoline prices are the country’s lowest since January 2009.

El Paso has the most expensive gasoline this week in Texas at an average $1.67 per gallon. Drivers in Amarillo and Texarkana have the cheapest gasoline statewide at $1.55 per gallon.

AAA experts say the crude oil supply continues to outpace demand, to help push gasoline prices lower.

In related news, Exxon says oil and gas will still dominate energy in 2040.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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