Gas Prices Decreasing Now, But Energy Prices Expected To Rise Later - KCBD NewsChannel 11 Lubbock

Good news and bad news for consumers.

The good news is gas prices in Lubbock are dropping. We found prices at the pump as low as $2.75 Thursday. That's an 11-cent drop from Wednesday and a 21-cent drop this week.

Now for the bad news. Thursday, the Energy Department reported natural gas prices could increase as much as 71% this winter. Price hikes will depend on how fast oil rigs and Gulf Coast refineries damaged by Hurricane Katrina can be repaired.

get more>> Web Enhanced Texas Gas Prices Are you paying too much at the pump? Take a look at what others prices are for the entire state of Texas. (Numbers are updated daily.)