- Associated Press - Thursday, July 31, 2014

IRVING, Texas (AP) - Texas retail gas prices have fallen 4 cents this week due to high output from American refineries, balancing any potential fallout from world crises.

AAA Texas on Thursday reported the average price at the pump was $3.37 per gallon.

Amarillo drivers are getting the cheapest gas at an average gallon price of $3.27, while El Paso gas is reported at $3.45 per gallon.

While fighting between Ukraine and Russia as well as Israel and Hamas have the potential to affect gas supply, AAA says refineries in the United States are reaching some of their highest production levels since 2005.

AAA reports that domestic gas demand has also fallen.

Drivers nationally are paying an average of $3.52 per gallon, 15 cents more than Texans.

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