by Calculated Risk on 10/02/2011 09:04:00 AM

From KFDM: Gasoline prices are plunging across Texas

The average price for a gallon of gasoline is plunging in Southeast Texas and across the state, according to a survey released Thursday by AAA Texas.

The average is $3.22 a gallon in Beaumont, down 13 cents from last week. The average one year ago was $2.56. The record high was $4 a gallon in July, 2008.

The graph below shows indicates gasoline prices are down sharply over the last couple of weeks.

Note: This graph show oil prices for WTI; gasoline prices in most of the U.S. are impacted more by Brent prices.

Brent Crude is down to $102.76 and WTI is down to $79.20.

Orange County Historical Gas Price Charts Provided by GasBuddy.com

Yesterday:
• Summary for Week Ending Sept 30th
• Schedule for Week of Oct 2nd