AAA Texas: Weekend Gas Watch; Pump Prices Continue Downward Trend

HOUSTON--June 25, 2004--For the fourth consecutive week, pump prices in Texas dropped, according to AAA Texas' Weekend Gas Watch.

The national average for regular self-serve gasoline is $1.925 a gallon, 3.9 cents lower than last week's average, but 43 cents higher than last year's average. The Texas average for a gallon of regular self-serve fell 4 cents to $1.818 a gallon.

Corpus Christi has the cheapest fuel at $1.731 a gallon, down 4.2 cents since last week. San Antonio posted the biggest weekly drop of 6.1 cents to $1.770 a gallon. Dallas tops the list at $1.851 a gallon, down 3.1 cents compared to a week ago.

"Pump prices in Texas have dropped ten cents a gallon within the last month," said Rose Rougeau, spokesperson for AAA Texas. "This downward trend is expected to continue for the next several days. However, it's difficult to know which direction fuel prices will head when the Fourth of July holiday draws nearer."

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., June 25, 2004:

                                Weekly            New           Year
Area                Current     Change       Record Price    Ago Price
-----               -------   ----------    ---------------  ---------
National            $1.925    -3.9 cents    $2.054 (5/26/04)   $1.492

State               $1.818    -4.0 cents    $1.927 (5/26/04)   $1.396

Austin-San Marcos   $1.807    -3.8 cents    $1.929 (5/27/04)   $1.364

Beaumont            $1.821    -2.3 cents    $1.903 (6/1/04)    $1.376

Corpus Christi      $1.731    -4.2 cents    $1.925 (5/26/04)   $1.336

Dallas              $1.851    -3.1 cents    $1.932 (5/27/04)   $1.421

Fort Worth          $1.840    -3.1 cents    $1.924 (5/28/04)   $1.401

Galveston -         $1.806    -5.3 cents    $1.922 (6/1/04)    $1.403
Texas City

Houston             $1.803    -4.0 cents    $1.909 (6/1/04)    $1.389

San Antonio         $1.770    -6.1 cents    $1.952 (5/26/04)   $1.358

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.