Average retail gasoline prices in Texas drop by 6 cents, settling at $2.75 per gallon

Energy Associated Press

Retail gasoline prices across Texas continue to tumble as motorists now are paying a statewide average of $2.75 per gallon.

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AAA Texas on Thursday reported that this week's unleaded price represents a drop of 6 cents from the prior week.

The national average, meanwhile, fell from $3.01 to $2.95.

AAA says of the Texas metro areas, drivers in Fort Worth are paying the least at $2.63 per gallon while motorists in Corpus Christi are paying the most, $2.81.

AAA officials say prices normally drop late in the year because of decreasing demand and other factors. But the decrease is more significant this year because global oil prices have dropped more than anticipated as supply outpaces demand.

Texas drivers are paying about $38.50 to fill up the standard 14-gallon fuel tank.