Texas retail gasoline prices down nickel, reach $2.04 gallon

COPPELL, Texas (AP) — Retail gasoline prices across Texas have declined a nickel to settle at an average $2.04 per gallon.

AAA Texas on Thursday said that compares to a 4-cent price decrease for gasoline across the U.S. The national average is $2.24 per gallon.

A survey by AAA found Amarillo has the cheapest gasoline statewide this week at an average $1.89 per gallon. Drivers in Galveston are paying the most in Texas at an average $2.07 per gallon.

AAA officials said as of Thursday the price of gasoline had declined for 27 consecutive days. Experts cite record refinery rates, high gasoline and crude oil inventory and less-than-favorable demand this year.