AAA Texas Survey Shows Statewide Fuel Price Slid Lower; AAA Texas Monthly Fuel Gauge Report
HOUSTON--July 17, 2002--The average price of gas prices moved downward on forecasts of an increase in supplies, according to AAA Texas' Fuel Gauge Report.Motorists in Texas are paying an average of $1.29 for regular self-serve, down a penny since a month ago, and a penny more than last year's average price of $1.28 a gallon.
The nationwide average price of fuel is $1.40 a gallon, compared to last July's average price of $1.44 a gallon.
"Foreign imports of fuel have been keeping the United States well-supplied and prices stable," said Rose Rougeau, AAA Texas spokesperson. "But, economic and political uncertainty in the top producing regions of Latin America and the Middle East could push prices somewhat higher."
Here's how prices fare in other parts of the region:
Current Month Ago Year Ago
------- --------- --------
Alaska $1.59 $1.56 $1.73
California $1.64 $1.62 $1.85
Illinois $1.46 $1.46 $1.35
Georgia $1.23 $1.24 $1.27
New York $1.48 $1.50 $1.65
AAA's Fuel Gauge Report is based on data from the Oil Price Information Service (OPIS) -- the nation's most comprehensive source of petroleum pricing information.
AAA Texas, an affiliate of the American Automobile Association, has been serving Texans since 1902. AAA Texas offers more than a million members a full-service travel agency, auto-related and financial services, as well as public safety programs and legislative advocacy.
AAA Texas Monthly Fuel Gauge Report
(Average price for a gallon of regular self-serve
in 17 selected Texas cities)
Metro State July '02 June '02 July '01 Jan. '02
----- ----- -------- -------- -------- --------
Abilene TX 1.287 1.312 1.290 1.077
Amarillo TX 1.308 1.261 1.208 1.075
Austin TX 1.256 1.271 1.297 1.063
Beaumont TX 1.272 1.287 1.218 1.074
Brownsville TX 1.250 1.264 1.141 1.043
Corpus Christi TX 1.252 1.258 1.119 1.076
Dallas TX 1.341 1.360 1.456 1.072
El Paso TX 1.328 1.358 1.347 1.095
Fort Worth TX 1.329 1.346 1.404 1.069
Houston TX 1.311 1.326 1.404 1.041
Laredo TX 1.281 1.291 1.302 1.117
Longview TX 1.332 1.338 1.295 1.091
Lubbock TX 1.291 1.271 1.203 1.064
Midland TX 1.291 1.295 1.425 1.085
Odessa TX 1.262 1.267 1.281 1.050
San Antonio TX 1.249 1.248 1.205 1.045
Waco TX 1.266 1.269 1.237 1.058
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Average TX 1.288 1.295 1.284 1.070
(July '02) (Jan. '02)
---------- ----------
National $1.40 $1.13 up .27
Texas $1.29 $1.07 up .22