SOURCE: AAA Texas

June 23, 2006 01:01 ET

AAA Texas: Weekend Gas Watch

Retail Gas Prices Head Downward

HOUSTON, TX -- (MARKET WIRE) -- June 23, 2006 -- Retail gasoline prices reversed course and headed downward after two straight weeks of increases, according to AAA Texas' Weekend Gas Watch.

The statewide average price is $2.783 a gallon -- a weekly drop of four cents. Corpus Christi has the lowest average price at $2.525 a gallon, a 12 cents decrease. The highest average price is in the Galveston - Texas City area at $2.904 -- nearly three cents less than last week's average.

"Gasoline prices have more room to decline from current levels if crude oil prices fall and remain below $70 a barrel," said Rose Rougeau, spokesperson for AAA Texas. "Oil prices have been trading below $70 for the last several days, although closing prices have occasionally been above $70."

The national average for regular self-serve gasoline is $2.849 a gallon -- down nearly five cents.

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


       Average Daily Prices as of 12:01 AM, June 23, 2006

                                    Weekly                   Weekly
Area                    6/22/06     Change        6/15/06    Change

National                $2.849    -4.7 cents      $2.896    +0.8 cent
State                   $2.783    -4.4 cents      $2.827    +1.2 cents
Austin -  San Marcos    $2.720    -2.6 cents      $2.746    +0.8 cent
Beaumont                $2.689    -4.4 cents      $2.733    +0.9 cent
Corpus Christi          $2.525    -12.6 cents     $2.651    +0.4 cent
Dallas                  $2.822    -5.7 cents      $2.879    +0.9 cent
Ft. Worth               $2.812    -5.7 cents      $2.869    +1.3 cents
Galveston - Texas City  $2.904    -2.6 cents      $2.930    -0.3 cent
Houston                 $2.884    -4.1 cents      $2.925    +0.7 cent
San Antonio             $2.668    -3.7 cents      $2.705    +0.1 cent

                                                     2005
Area                    6/9/06     Record High      Average

National                $2.888    $3.057 (9/5/05)   $2.168
State                   $2.815    $2.964 (9/4/05)   $2.092
Austin - San Marcos     $2.738    $2.918 (9/6/05)   $2.071
Beaumont                $2.724    $2.930 (9/4/05)   $2.056
Corpus Christi          $2.655    $2.929 (9/3/05)   $2.034
Dallas                  $2.870    $3.019 (9/4/05)   $2.116
Ft. Worth               $2.856    $3.012 (9/4/05)   $2.109
Galveston - Texas City  $2.933    $2.997 (9/4/05)   $2.073
Houston                 $2.918    $2.971 (9/6/05)   $2.065
San Antonio             $2.706    $2.909 (9/4/05)   $2.044

Contact Information