SOURCE: AAA Texas

September 14, 2008 18:15 ET

AAA Texas: Gas Prices Continue Steady Upward Trend in Aftermath of Hurricane Ike

IRVING, TX--(Marketwire - September 14, 2008) - Gasoline Prices again nationwide and in Texas increased overnight as a direct result of Hurricane Ike. Nationally a gallon of gas now costs $3.795. Saturday it was $3.735 and on Friday before Ike reached land it was $3.675.

Sunday in Texas the average price of a gallon of unleaded regular is $3.645. Saturday in Texas the price was $3.600 and on Friday, before the storm hit it was $3.546.

Here's a breakdown of the Texas markets and the increases/decreases in those cities.

Amarillo              Friday $3.539       Saturday $3.588, Up 4.9 cents
                      Sunday $3.636, Up 4.8 cents

Austin-San Marcos     Friday $3.608       Saturday   $3.628, Up 2 cents
                      Sunday  $3.641, Up 1.3 cents

Beaumont-Port-Arthur  Friday $3.632       Saturday $3.654, Up 2.2 cents
                      Sunday $3.618, Down 3.6 cents

Corpus Christi        Friday $3.582       Saturday $3.593, Up 1.1 cents
                      Sunday $3.606, Up 1.3 cents

Dallas                Friday $3.482       Saturday $3.562, Up 8.0 cents
                      Sunday $3.627, Up 6.5 cents

El Paso               Friday $3.558       Saturday $3.573, Up 1.5 cents
                      Sunday $3.590, Up 1.7 cents

Fort Worth/Arlington  Friday $3.482       Saturday  $3.567, Up 8.5 cents
                      Sunday $3.641, Up 7.4 cents

Galveston-Texas City  Friday $3.489       Saturday $3,525, Up 3.6 cents
                      Sunday $3.581, Up 5.6 cents

Houston               Friday $3.496       Saturday $3.544, Up 4.8 cents
                      Sunday $3.570, Up 2.6 cents

San Antonio           Friday $3.553       Saturday $3.587, Up 3.4 cents
                      Sunday $3.610, Up 2.3 cents

Texarkana             Friday $3.578       Saturday  $3.752, Up 17.4 cents
                      Sunday $3.791, Up 3.9 cents

Each night AAA and its partner http://www.fuelgaugereport.com/ electronically survey more than 100,000 stations nationwide and more than 8000 in Texas. We continue to hear of some stations that have increased their prices higher than the averages, but because our survey is so large those facilities are not distorting the figures and we feel these numbers today are a true indication of the price of gasoline. The Texas/Louisiana Gulf Coast is home to more than 20% of the U.S. refining capability.

"Clearly the gasoline markets are moving quickly in reaction to the possibility the Gulf Coast refineries may not be running for several days. The repair teams and crews are now getting into those facilities to get them back up and operating quickly. We're just now beginning to get an accurate picture of how much damage there may be and when they'll be producing gasoline. This is a time for drivers to be very careful about their fuel usage and conserve gasoline whenever possible," said AAA Texas Media Relations and Community Affairs Manager Dan Ronan.

"There are several things motorists can do to make sure they have gasoline but at the same time don't contribute to causing spot shortages. Keep a close watch on the amount of fuel in your tank, but resist the temptation to top off every time you pass an open gas station putting in only a small amount of fuel. Numerous small transactions can cause more of a supply problem than one or two cars filling up from nearly empty. Also, some people are buying gasoline cans, filling them and then leaving them in the trunk. This is a potentially very dangerous situation," says Ronan.

"For the most part, most service station owners are managing this difficult fuel supply situation with a great deal of responsibility and while there are reports of price gouging, the situation is today manageable. However, if you feel you've been the victim of gasoline price gouging, the Attorney General's office is enforcing those laws and there are very specific requirements as to what is and is not gouging. The best advice AAA Texas can give motorists is to save your receipts and after the storm passes then contact Attorney General Greg Abbott's office."

If you have insurance through AAA Texas, please call 1-800-672-5246. Claims Adjusters are standing by to take your calls and questions.

MEMBERS OF THE MEDIA: AAA TEXAS IS CLOSELY FOLLOWING THE OVERNIGHT INCREASES IN GASOLINE PRICES AS A RESULT OF HURRICANE IKE. SPOKESMAN DAN RONAN IS AVAILABLE IN DALLAS SUNDAY TO ANSWER YOUR QUESTIONS.

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