SOURCE: AAA Texas

July 07, 2006 01:01 ET

AAA Texas: Weekend Gas Watch

Gas Prices Continue Upward Movement

HOUSTON, TX -- (MARKET WIRE) -- July 7, 2006 -- Record high crude prices combined with increased consumer demand for gasoline pushed retail prices higher for the second straight week, according to AAA Texas' Weekend Gas Watch.

The statewide average price is $2.848 a gallon -- a weekly increase of nearly five cents. The current average is 62 cents more than last year's average. Corpus Christi has the lowest average price at $2.704 a gallon -- an 11 cent increase. Houston edged past the Galveston-Texas city area for the highest average on the list at $2.925 a gallon -- up almost four cents.

"With the price of crude oil reaching an all-time record high of $75.19 this week and demand for motor fuel remaining strong this summer, retail gasoline prices are only a few cents away from the record highs reached following Hurricane Katrina last year," said Rose Rougeau, spokesperson for AAA Texas.

The national average for regular self-serve gasoline is $2.937 a gallon -- up six cents.

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

Average Daily Prices as of 12:01 AM, July 7, 2006

Area       7/6/06  Weekly  6/30/06  Weekly  6/22/06  Record        2005
                   Change           Change           High          Average
National  $2.937  +6.4    $2.873   +2.4    $2.849   $3.057(9/5/05) $2.222
                   cents            cents
State     $2.848  +4.9    $2.799   +1.6    $2.783   $2.964(9/4/05) $2.123
                   cents            cents
Austin    $2.760  +3.6    $2.724   +0.4    $2.720   $2.918(9/6/05) $2.103
-San Marcos        cents            cent
Beaumont  $2.773  +4.5    $2.728   +3.9    $2.689   $2.930(9/4/05) $2.099
                   cents            cents
Corpus    $2.704  +10.7   $2.597   +7.2    $2.525   $2.929(9/3/05) $2.038
Christi            cents            cents
Dallas    $2.889  +4.9    $2.840   +1.8    $2.822   $3.019(9/4/05) $2.148
                   cents            cents
Ft. Worth $2.880  +3.8    $2.842   +3.0    $2.812   $3.012(9/4/05) $2.144
                   cents            cents
Galveston $2.924  +3.4    $2.890   -1.4    $2.904   $2.997(9/4/05) $2.123
-Texas             cents            cents
 City
Houston   $2.925  +3.5    $2.890   +0.6    $2.884   $2.971(9/6/05) $2.112
                   cents            cent
San       $2.724  +2.7    $2.697   +2.9    $2.668   $2.909(9/4/05) $2.075
Antonio            cents            cents

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