Retail gasoline prices slip 4 cents across Texas

HOUSTON (AP) - Retail gasoline prices across Texas have slipped 4 cents this week as travelers prepare to hit the road for the holidays.

AAA Texas on Wednesday reported that the average price at the pump is $3.05 per gallon. The association says gasoline prices nationwide are down a nickel, to settle at $3.21 per gallon.

AAA Texas says Texarkana has the highest average price statewide for gasoline, at $3.07 a gallon. El Paso has the cheapest gasoline, at an average $2.95 per gallon.

The association says, with a recent drop in crude oil prices, retail gasoline is at its lowest point since February 2011.

AAA has predicted that as many as 6.9 million Texans plan to drive to their holiday destinations, from the period starting Friday through Jan. 2, 2012.