SOURCE: AAA Texas

January 25, 2008 01:30 ET

AAA Texas: Weekend Gas Watch

Second Week of Price Declines

HOUSTON, TX--(Marketwire - January 25, 2008) - For the second straight week, gasoline prices decreased across the state, according to the AAA Texas Weekend Gas Watch.

The statewide average price dropped four cents to $2.90 a gallon, which is 85 cents higher than the statewide average one year ago. The national average is $3.01 a gallon, down almost four cents in a week.

"Wholesale gasoline prices have dropped in Texas and across the country on news of high inventories and a lower growth in demand," said AAA Texas spokesperson Rose Rougeau. "Analysts say turbulence in the financial markets worldwide may also be affecting both crude oil and wholesale gasoline prices."

El Paso has the lowest average on the list at $2.83 a gallon -- down two cents from last week. Beaumont has the highest at $2.91 a gallon -- down almost five cents from last week.

Average Daily Prices as of 12:01 a.m., January 25, 2008
                                                                     Year
                    Weekly          Weekly                            Ago
Area        1/25/08 Change  1/17/08 Change  1/10/08   Record High   Average
            ------- ------- ------- ------- ------- --------------  -------
                      -3.8            -5.6          $        3.227
National    $ 3.006   cents $ 3.044   cents $ 3.100       (5/24/07) $ 2.147
            ------- ------- ------- ------- ------- --------------  -------
                      -4.3            -3.6          $        3.085
State       $ 2.897   cents $ 2.940   cents $ 2.976       (5/23/07) $ 2.053
            ------- ------- ------- ------- ------- --------------  -------
                      -4.6            -4.8          $        3.308
Amarillo    $ 2.865   cents $ 2.911   cents $ 2.959       (7/13/07) $ 2.021
            ------- ------- ------- ------- ------- --------------  -------
Austin -              -2.7            -3.2          $        3.048
 San Marcos $ 2.935   cents $ 2.962   cents $ 2.994       (5/22/07) $ 2.131
            ------- ------- ------- ------- ------- --------------  -------
                      -4.6            -3.4          $        3.055
Beaumont    $ 2.909   cents $ 2.955   cents $ 2.989       (5/22/07) $ 1.994
            ------- ------- ------- ------- ------- --------------  -------
Corpus                -4.4            -3.7          $        3.011
 Christi    $ 2.889   cents $ 2.933   cents $ 2.970       (5/23/07) $ 1.910
            ------- ------- ------- ------- ------- --------------  -------
                      -5.3            -4.0          $        3.062
Dallas      $ 2.877   cents $ 2.930   cents $ 2.970       (5/24/07) $ 2.047
            ------- ------- ------- ------- ------- --------------  -------
                      -1.9            -1.3          $        3.278
El Paso     $ 2.829   cents $ 2.848   cents $ 2.861       (5/26/07) $ 2.047
            ------- ------- ------- ------- ------- --------------  -------
                      -6.0            -4.3          $        3.058
Ft. Worth   $ 2.865   cents $ 2.925   cents $ 2.968       (5/23/07) $ 2.035
            ------- ------- ------- ------- ------- --------------  -------
Galveston -           -4.8            -3.0          $        3.056
 Texas City $ 2.876   cents $ 2.924   cents $ 2.954       (5/22/07) $ 2.044
            ------- ------- ------- ------- ------- --------------  -------
                      -3.5            -3.2          $        3.042
Houston     $ 2.884   cents $ 2.919   cents $ 2.951       (5/23/07) $ 2.027
            ------- ------- ------- ------- ------- --------------  -------
                      -2.1            -3.9          $        2.994
San Antonio $ 2.900   cents $ 2.921   cents $ 2.960       (5/24/07) $ 2.052
            ------- ------- ------- ------- ------- --------------  -------
Texarkana            -11.1            -3.6          $        3.070
 (TX only)  $ 2.900   cents $ 3.011   cents $ 3.047      (11/10/07) $ 2.017
            ------- ------- ------- ------- ------- --------------  -------

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