Average retail gasoline prices in Texas drop by 8 cents, settling at $2.81 per gallon

EnergyAssociated Press

Retail gasoline prices across Texas continue to fall, with the latest unleaded price at the pump settling at $2.81.

AAA Texas on Thursday reported that this week's average price represents a drop of 8 cents from the prior week.

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The national average, meanwhile, fell from $3.08 to $3.01.

AAA says of the metro areas in Texas, drivers in Fort Worth are paying the least at $2.70 per gallon while motorists in Corpus Christi are paying the most, $2.86 a gallon.

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand. Oil production so far has not been slowed by geopolitical tensions in Iraq, Syria and elsewhere.