SOURCE: AAA Texas

January 11, 2008 01:30 ET

AAA Texas: Weekend Gas Watch

Prices Near All-Time Records

HOUSTON, TX--(Marketwire - January 11, 2008) - Gas prices continued rising in the last week and are now within a dime of their all-time records in many areas of Texas, according to the AAA Texas Weekend Gas Watch.

The statewide average, at $2.976, posted a weekly increase of five cents and is now within 10 cents of the all-time record price of $3.085 reached last May. The national average is $3.10 a gallon, also up five cents from last week and 13 cents shy of the all-time record of $3.23.

"Texas is one of the few states that still has a statewide price average under $3 a gallon," said AAA Texas spokesperson Rose Rougeau. "Record oil prices continue to drive these increases throughout Texas and nationwide."

El Paso has the lowest average on the list at $2.83 a gallon -- up three cents. Texarkana, still the only Texas city with a price average above $3, has the highest price at $3.05 a gallon -- up three cents from last week.

Average Daily Prices as of 12:01 a.m., January 11, 2008

                         Weekly         Weekly            Record   Year Ago
Area             1/10/08 Change 1/3/08  Change 12/27/07    High     Average
                 ------- ------ ------- ------ -------- ----------  -------
                          +4.8           +7.1           $    3.227
National         $ 3.100  cents $ 3.052  cents $  2.981   (5/24/07) $ 2.288

                          +5.1           +8.6           $    3.085
State            $ 2.976  cents $ 2.925  cents $  2.839   (5/23/07) $ 2.171

                          +4.0           +8.4           $    3.308
Amarillo         $ 2.959  cents $ 2.919  cents $  2.835   (7/13/07) $ 2.185

Austin - San              +3.8           +5.4           $    3.048
 Marcos          $ 2.994  cents $ 2.956  cents $  2.902   (5/22/07) $ 2.212

                          +5.3           +8.5           $    3.055
Beaumont         $ 2.989  cents $ 2.936  cents $  2.851   (5/22/07) $ 2.142

                          +8.2          +10.0           $    3.011
Corpus Christi   $ 2.970  cents $ 2.888  cents $  2.788   (5/23/07) $ 2.068

                          +6.1           +9.1           $    3.062
Dallas           $ 2.970  cents $ 2.909  cents $  2.818   (5/24/07) $ 2.169

                          +3.6           +3.4           $    3.278
El Paso          $ 2.861  cents $ 2.825  cents $  2.791   (5/26/07) $ 2.167

                          +5.8           +9.6           $    3.058
Ft. Worth        $ 2.968  cents $ 2.910  cents $  2.814   (5/23/07) $ 2.157

Galveston -               +5.7           +9.1           $    3.056
 Texas City      $ 2.954  cents $ 2.897  cents $  2.806   (5/22/07) $ 2.159

                          +5.6           +9.3           $    3.042
Houston          $ 2.951  cents $ 2.895  cents $  2.802   (5/23/07) $ 2.150

                          +3.6           +6.6           $    2.994
San Antonio      $ 2.960  cents $ 2.924  cents $  2.858   (5/24/07) $ 2.148

Texarkana (TX             +3.2          +12.1           $    3.070
 only)           $ 3.047  cents $ 3.015  cents $  2.894  (11/10/07) $ 2.152

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