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Gas Pump Prices Drop In Texas

Triple-A is reporting the most significant weekly gas price decrease for the year in Texas. The statewide average per gallon is $4.33. That is 16 cents less than on this day last week and $1.52 more per gallon than last year. Analysts say the main factors behind the recent drop are that crude oil prices are dropping due to concerns about a decline in global demand later this year and increased supply regionally. In addition, July is typically one of the busiest months for road travel.