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AAA Texas: Weekend Gas Watch; Second Week of Lower Prices

IRVING, Texas--Feb. 18, 2005--Gasoline prices continued lower for the second week in a row last week, according to AAA Texas' Weekend Gas Watch.

The statewide average price for regular self-serve gasoline fell a penny to $1.801.

Corpus Christi has the lowest average at $1.682 a gallon, down 4.4 cents. Dallas remains the highest at $1.823 a gallon, down 1.4 cents from last week, and 25.1 cents higher than last year's average of $1.572 a gallon.

"Nationwide, there have been ample supplies of gasoline and that has helped push pump prices lower," said Rose Rougeau, spokesperson for AAA Texas. "The downward trend may bottom out in the coming weeks as crude oil prices have risen to near $48 per barrel on continuing political instability in the Middle East."

The national average for regular self-serve gasoline is $1.898, unchanged from last week.

AAA Texas' Weekend Gas Watch monitors the average price of gasoline at popular destinations for automobile trips.

Average Daily Prices as of 12:01 a.m., Feb. 1, 20058, 2005:

 
Area              Current     Change        Record Price   Last Year's
                                                              Price
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National           $1.898    No change    $2.054 (05/26/04)    $1.643
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State              $1.801   -2.0 cents    $1.927 (05/26/04)    $1.546
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Austin-San
 Marcos            $1.784   -2.4 cents    $1.929 (05/27/04)    $1.529
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Beaumont           $1.777   -1.9 cents    $1.903 (06/01/04)    $1.537
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Corpus Christi     $1.682   -4.4 cents    $1.925 (05/26/04)    $1.498
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Dallas             $1.823   -1.4 cents    $1.932 (05/27/04)    $1.572
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Ft. Worth          $1.811   -2.0 cents    $1.924 (05/28/04)    $1.556
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Galveston-Texas
 City              $1.788   -2.1 cents    $1.922 (06/01/04)    $1.548
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Houston            $1.785   -2.5 cents    $1.909 (06/01/04)    $1.547
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San Antonio        $1.758   -3.0 cents    $1.952 (05/26/04)    $1.507
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AAA Texas, an affiliate of AAA National, has been serving Texans since 1902. Today, more than a million AAA Texas members benefit from the organization's roadside assistance service, travel agency, financial products, insurance products and services, automotive pricing, buying and financing, trip planning services, and traffic safety programs. Information about these products and services is available on AAA Texas' Web site at www.aaa-texas.com.