Saturday, May 3, 2008

Texas gas prices continue upward trajectory

© 2008 The Associated Press

It was another week, another record-high for Texas gasoline prices.

Prices at gas pumps reached new record highs in all 11 regions in the weekly AAA Texas gasoline price survey released Friday.

There may be hopeful news on the horizon, said auto club spokeswoman Rose Rougeau.

"A recent government report showed that demand for gasoline fell slightly more than six percent in February from January," she said. "The drop could be attributed to February being a shorter month and a time of slow demand, but it may also suggest high gas prices are cutting consumers appetite for fuel."

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