Texas gas prices decline by 7 cents

Wire report IRVING -- The fall in the price of crude oil was reflected in a drop in the average retail cost of gasoline in Texas this week. AAA Texas on Friday reported a 7-cent decline in gasoline prices, settling at an average $3.92 per gallon. Nationally, the average price for self-serve regular slipped 9 cents, to $4.02. AAA Texas said Corpus Christi had the least expensive gasoline statewide this week, at $3.86 per gallon. The most expensive gasoline average in Texas could be found in the Austin-San Marcos areas and El Paso, at $3.93. S&P downgrades debt of 3 airlines MINNEAPOLIS -- Standard & Poor's downgraded the debt of some of the nation's largest carriers Friday, saying high fuel prices were likely to cause heavy losses this year at American, United and Northwest airlines. S&P airline analyst Philip Baggaley said... [read full story]