IRVING, TX--(Marketwire - August 1, 2008) - For the second week in a row, gasoline prices at
the pump fell significantly in Texas, keeping in line with the recent fall
in wholesale crude prices and the national drop in oil prices, according to
the AAA Texas Weekend Gas Watch.
The average price for a gallon of gas in Texas is now $3.81 a gallon, down
nearly 11 cents in one week and 18 cents in two weeks. On the national
level, prices fell 12 cents a gallon from just below $4.03 last week to
$3.91 a gallon today. Still, prices across the United States and Texas are
more than a dollar a gallon higher than they were on this date one year ago
today.
For the second week in a row, gasoline in Corpus Christi remains the
cheapest at a fraction more than $3.75 a gallon. Motorists in El Paso paid
the highest for fuel at $3.86 a gallon. That's down six cents since last
week -- the smallest decline of any city in Texas.
"The drop in gasoline prices may be reflecting the more than $20-a-barrel
drop in crude oil prices since the first week of July when they hit a
record of $147 a barrel," said AAA Texas Corporate Communications Manager
Dan Ronan. "It often takes a few weeks for retail prices to catch up to
what's happening in the markets, but that seems to be the case now."
Diffe- Diffe-
07/31/08 7/24/08 rence 07/31/07 rence Date Price
-------- ------- ----- -------- ----- -------- -----
National 3.909 4.026 -0.117 2.867 +1.042 07/17/08 4.114
State 3.808 3.916 -0.108 2.795 +1.013 07/17/08 3.985
Amarillo 3.811 3.875 -0.064 2.925 +0.886 07/16/08 3.983
Austin-San Marcos 3.842 3.925 -0.083 2.810 +1.032 07/17/08 3.975
Beaumont 3.798 3.915 -0.117 2.780 +1.018 07/16/08 4.001
Corpus Christi 3.755 3.861 -0.106 2.643 +1.112 07/15/08 3.960
Dallas 3.799 3.911 -0.112 2.780 +1.019 07/16/08 3.983
El Paso 3.863 3.922 -0.059 2.873 +0.990 07/17/08 3.967
Ft. Worth 3.781 3.894 -0.113 2.764 +1.017 07/16/08 3.975
Galveston 3.816 3.908 -0.092 2.776 +1.040 07/14/08 3.968
Houston 3.788 3.892 -0.104 2.741 +1.047 07/17/08 3.960
San Antonio 3.803 3.905 -0.102 2.781 +1.022 07/16/08 3.957
Texarkana (TX Only) 3.770 3.893 -0.123 2.776 +0.994 07/16/08 3.981
Contact Information: Contacts:
Dan Ronan
Ronan.dan@aaa-texas.com
danronan@sprint.blackberry.net
469 221 8217 office
469 583 7070 cell
Anne O'Ryan
O'ryan.anne@aaa-texas.com
512 899 8843 office
512 925 3710 cell
Sonta Henderson
Henderson.sonta@aaa-texas.com
512 444 4757 ext. 224
512 899 8046