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Gas Prices Hold Steady In Texas At $1.97

HOUSTON (AP) – The retail price of gasoline held steady this week across Texas at $1.97 a gallon. AAA Texas on Thursday reported the nationwide average price rose 1 cent, to reach $2.05 a gallon.

The Dallas area has the most expensive price at the pump in Texas, with an average $2 a gallon. The association says San Antonio had the least expensive gasoline, averaging $1.91.

AAA Texas spokeswoman Sarah Schimmer says U.S. demand for oil still remains relatively low, most likely a byproduct of the slow economy. She says inventories of crude continue to build “despite producers efforts to slow production.”

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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