Lubbock Gas Prices Below State Average - KCBD NewsChannel 11 Lubbock

8/29/03

Lubbock Gas Prices Below State Average

AAA Texas says the statewide price of gasoline rose 7 cents in the past week to an average of $1.60 per gallon for self-serve regular. Lubbock's average is currently $1.58 per gallon. Analysts believe higher gas prices won't stop people from hitting the roads this Labor Day weekend.

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One year ago, gasoline in Texas averaged a $1.33 per gallon. Refinery shutdowns caused by the blackout in parts of the Northeast and Midwest are being blamed for the price increases.

The Texas prices are still below the $1.75 per gallon reported earlier this week as the national average. Experts say the customary September decline in demand and an influx of imported gasoline also should stabilize prices. An auto club spokeswoman says more than 2.5 million Texans are expected to make a trip 50 miles or more from home this Labor Day holiday.

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