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Texas' Gas Prices Hold Steady

11 May 2000

    HOUSTON--The statewide average price of gasoline in Texas is holding steady while nationwide prices continue to fall. The current Texas statewide average price of a gallon of self-serve regular unleaded is $1.38 -- the same as last month's average.

    "Although the statewide average hasn't changed, some Texas cities (see attached chart) are seeing gas prices decline," says Rose Rougeau, spokesperson for AAA Texas. "This is good news for people making Memorial Day weekend travel plans."

    AAA's pre-holiday Fuel Gauge Report shows self-serve regular gasoline averaging $1.47 nationally. Prices have dipped 2 cents a gallon since April when the nationwide price was $1.49 a gallon.

    "While gas prices are still higher than they were at the same time last year, a record number of Americans, 34.4 million, plan to travel this Memorial Day holiday," says Rougeau. "As long as the economy remains strong and people are not worried about their jobs, they are more likely to travel."

    AAA and AAA Texas commission their Fuel Gauge Reports as a service to motorists and the media. The current reports are based on data gathered by the Oil Price Information Service -- the nation's most comprehensive source of petroleum pricing information.

    AAA Texas has been serving Texans since 1905. Today, AAA Texas offers its members a full service travel agency, auto-related and financial services, as well as public safety programs and legislative advocacy.

    Note: Attached is May 11, 2000 average price information for 15 Texas cities.



                     AAA Texas Fuel Gauge Report
        Average Price of Self-Serve Regular Unleaded Gasoline
                       In Selected Texas Cities


City             ST          May '99   May '00   Apr '00   Mar '00
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Abilene          TX           1.067     1.379     1.400     1.491
Amarillo         TX           1.092     1.397     1.365     1.488
Austin           TX           1.049     1.387     1.415     1.457
Beaumont         TX           1.044     1.327     1.364     1.482
Brownsville      TX           1.066     1.325     1.247     1.471
Corpus Christi   TX           1.017     1.379     1.241     1.465
Dallas           TX           1.081     1.443     1.481     1.494
El Paso          TX           1.142     1.365     1.417     1.473
Fort Worth       TX           1.068     1.409     1.456     1.472
Houston          TX           1.069     1.445     1.478     1.518
Laredo           TX           1.050     1.397     1.404     1.460
Longview         TX           1.062     1.343     1.328     1.477
Lubbock          TX           1.094     1.397     1.371     1.483
San Antonio      TX           1.027     1.327     1.358     1.444
Waco             TX           1.031     1.330     1.368     1.457
                 Avg          1.065     1.377     1.379     1.475

                               (May '00)    (April '00)
National Average Price           $1.47         $1.49      down 2 cents

                                (May '00)    (May '99)
National Average Price           $1.47         $1.16      up 30 cents

Survey Commissioned by AAA-Texas on May 11, 2000