Texas Electric Rates Continue to Slide for Residential Customers

Texans are seeing it across the state -- falling energy prices, which means it's a good time to shop for a new electricity rate for your home. The statewide average for regular self-serve has fallen to $3.64/gallon, with prices in Houston falling 11¢ over the week to $3.60. It's all because oil has dropped about $30 per barrel in the last month, and recently closed at under $114/barrel.