SOURCE: AAA Texas

September 22, 2006 01:01 ET

AAA Texas: Weekend Gas Watch

Pump Prices on Downward Trend

HOUSTON, TX -- (MARKET WIRE) -- September 22, 2006 -- Retail gas prices in Texas and the nation are on a downward trend that has extended into week seven, according to the AAA Texas Weekend Gas Watch. The statewide average price for gasoline of self-serve gasoline is $2.326 a gallon -- about 12 cents less than a week ago.

Motorists in Corpus Christi are seeing closer to $2 a gallon at $2.136 -- a nine cent weekly drop. The highest average on the survey is in El Paso at $2.546 a gallon -- a decrease of nine cents.

"The continued drop in crude oil and gasoline prices over the past few weeks can be attributed to a cooling of international tensions, a drop in demand and an unusually quiet 2006 hurricane season," said AAA Texas spokesperson Rose Rougeau. "Crude prices have declined more than 20% from a record $78.40 a barrel on July 14th to $60 a barrel this week."

The national average for regular self-serve gasoline edged lower by almost 12 cents to $2.460 a gallon.

AAA Texas' Weekend Gas Watch monitors the average price of gasoline in Texas.

Average Daily Prices as of 12:01 AM, September 22, 2006:

Area            8/31/06    Weekly    8/24/06    Weekly    Record    2005
                           Change               Change     High    Average
National        $2.460  -11.5 cents  $2.575  -12.5 cents  $3.057   $2.764
                                                         (9/5/05)
State           $2.326  -11.6 cents  $2.442  -13.0 cents  $2.964   $2.669
                                                         (9/4/05)
Austin -
 San Marcos     $2.448  -11.3 cents  $2.561  -10.4 cents  $2.918   $2.662
                                                         (9/6/05)
Amarillo        $2.419   -9.0 cents  $2.509   -9.2 cents  $3.035   $2.529
                                                         (8/7/06)
Beaumont        $2.276  -12.8 cents  $2.404  -15.1 cents  $2.930   $2.633
                                                         (9/4/05)
Corpus Christi  $2.136   -9.1 cents  $2.227  -16.4 cents  $2.929   $2.573
                                                         (9/3/05)
Dallas          $2.301  -11.0 cents  $2.411  -12.4 cents  $3.019   $2.715
                                                         (9/4/05)
El Paso         $2.546   -9.0 cents  $2.636   -9.9 cents  $3.002   $2.771
                                                         (8/5/06)
Ft. Worth       $2.288  -11.7 cents  $2.405  -12.3 cents  $3.012   $2.689
                                                         (9/4/05)
Galveston -
 Texas City     $2.282  -12.6 cents  $2.408  -15.7 cents  $2.997   $2.763
                                                         (9/4/05)
Houston         $2.246  -12.8 cents  $2.374  -15.5 cents  $2.971   $2.717
                                                         (9/6/05)
San Antonio     $2.363   -9.8 cents  $2.461  -11.5 cents  $2.909   $2.588
                                                         (9/4/05)
Texarkana
 (TX only)      $2.291  -11.7 cents  $2.408  -13.1 cents  $2.960   $2.600
                                                         (8/7/06)

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