AAA Texas Announces Steep Decrease in Gas Prices
HOUSTON--Oct. 17, 2001--Big decreases in gasoline prices will make auto vacations more affordable and should bolster holiday spending budgets, according to AAA Texas.AAA Texas' monthly Fuel Gauge shows the statewide average price of a gallon of gasoline is $1.23, down nearly 20 cents since mid-September when the average price was $1.42 a gallon.
Nationwide, motorists are paying an average of $1.35 a gallon, a decrease of 20 cents from last month's average of $1.55. Last year's national average was $1.53 a gallon.
"The steep decline in gas prices is due to a combination of forces including reduced demand following the September 11th attacks, crude oil prices stabilizing near $22 a barrel, and October being an off-season month for travel," said Rose Rougeau, spokesperson for AAA Texas.
AAA Texas, an affiliate of the American Automobile Association, has been serving Texans since 1902. 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 Oct. 16, 2001 average price information for 17
Texas cities.
AAA Texas Fuel Gauge Monthly Report
Average Price of Self-Serve Regular Gasoline
In Selected Texas Cities
Metro State Oct. `01 Sept. `01 Oct. `00
------------- ------- -------- --------- --------
Abilene TX 1.303 1.484 1.430
Amarillo TX 1.161 1.555 1.453
Austin TX 1.219 1.384 1.417
Beaumont TX 1.229 1.402 1.384
Brownsville TX 1.111 1.376 1.352
Corpus Christi TX 1.127 1.368 1.363
Dallas TX 1.313 1.427 1.469
El Paso TX 1.279 1.443 1.406
Fort Worth TX 1.307 1.429 1.443
Houston TX 1.272 1.403 1.438
Laredo TX 1.331 1.432 1.481
Longview TX 1.220 1.456 1.391
Lubbock TX 1.225 1.477 1.489
Midland TX 1.253 1.414 1.495
Odessa TX 1.207 1.400 1.418
San Antonio TX 1.143 1.365 1.377
Waco TX 1.176 1.396 1.362
Average TX 1.228 1.424 1.421
(Oct. '01) (Oct. '00)
National $1.35 $1.53 down .18
Texas $1.23 $1.42 down .19