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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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RadioShack rescue raises question of what's worth saving

NEW YORK — RadioShack Corp.'s effort to seek financing and stave off bankruptcy raises a key question for investors, analysts and the customers who've shunned the electronics retailer for years: What's worth saving here?

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Gas under $3 - coming to a station near you

A

Chris Isidore

NEW YORK (CNNMoney) -- It's becoming easier and easier to find gas for less than $3 a gallon.

The average price of a gallon of regular gas now stands at $3.19, according to AAA, after falling by about a penny a day for the last week. The steady decline has taken the average price below $3 already in six states -- Missouri, Oklahoma, Arkansas, Texas, Kansas and Louisiana. Another six states are enjoying an average price within a nickel of that benchmark and could dip below three dollars soon.

But $3 gas isn't just limited to these 6 states.

Nearly 20% of gas stations nationwide are already charging less than $3 a gallon for regular gas, according to the Oil Price Information Service. And those stations are selling far more than their share of gas.

"In almost half the states, you don't need to make a great effort to find gas at $3 or less," said Tom Kloza, chief oil analyst for OPIS, which compiles the price data for AAA, as well as for GasBuddy.com.

"To a great extent, the averages are really misleading," said Kloza. "A large station with cheap prices might sell 750,000 gallons a month, while a small independent station with high prices might be struggling to sell 100,000 gallons.

The increased supply of low-price crude from Canada and North Dakota is a major factor sending gas prices lower, Kloza said.

"We're seeing the cheapest crude on planet here," he said.

A quiet hurricane season and the lack of other disruptions at refineries has kept gasoline inventories high.

The national average is already below 2012's low of $3.21, and has been averaging about 25 cents a gallon less than last year's prices for much of this year. Kloza estimates that gas prices will continue to fall through the end of 2013, and that more than half of states will have an average price below $3 a gallon before Christmas, which is generally when prices bottom out for the year.

While high-price states like California and New York might keep the national average just above $3, Kloza said there is about a fifty-fifty chance that the national average could drop below $3 for the first time since late 2010.

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?