SOURCE: AAA Texas

January 26, 2007 01:05 ET

AAA Texas: Weekend Gas Watch

HOUSTON, TX -- (MARKET WIRE) -- January 26, 2007 -- Most areas of the state began seeing more gas stations post prices below $2 a gallon this week, as prices continued declining for a fourth straight week in the new year, according to the AAA Texas Weekend Gas Watch.

The average price for self-serve regular gasoline in Texas is $2.048, down six cents.

The Austin area continues to have the highest average on the list at $2.124 a gallon, which is five cents lower than last week. Corpus Christi has the cheapest gas on the list with a $1.914 average, which is nearly seven cents below last week.

"We've seen crude oil prices jump back up to $55 a barrel this week on news that the President wants to double the U.S. strategic oil reserve and signs from OPEC that it is honoring its pledge to cut oil production," said Rose Rougeau, spokesperson for AAA Texas. "But gasoline supplies across the country remain plentiful, so it's hard to say whether the crude oil prices will immediately impact this downturn at the pump."

The national average is $2.145 a gallon, six cents less than last week's average.

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

Average Daily Prices as of 12:01 AM, January 26, 2007:

                    Weekly         Weekly          Record    Year Ago
Area       1/25/07  Change 1/18/07 Change 1/11/07   High      Average
           ------- ------- ------- ------ ------- ---------  --------
                     -6.4           -7.2          $   3.057
National   $ 2.145   cents $ 2.209  cents $ 2.281   (9/5/05) $  2.334
           ------- ------- ------- ------ ------- ---------  --------
                     -6.3           -5.5          $   2.964
State      $ 2.048   cents $ 2.111  cents $ 2.166   (9/4/05) $  2.279
           ------- ------- ------- ------ ------- ---------  --------
Austin -
 San                 -5.0           -3.6          $   2.918
 Marcos    $ 2.124   cents $ 2.174  cents $ 2.210   (9/6/05) $  2.272
           ------- ------- ------- ------ ------- ---------  --------
                     -8.5           -6.8          $   3.035
Amarillo   $ 2.027   cents $ 2.112  cents $ 2.180   (8/7/06) $  2.234
           ------- ------- ------- ------ ------- ---------  --------
                     -7.1           -7.6          $   2.930
Beaumont   $ 1.990   cents $ 2.061  cents $ 2.137   (9/4/05) $  2.297
           ------- ------- ------- ------ ------- ---------  --------
Corpus               -6.7           -8.4          $   2.929
 Christi   $ 1.914   cents $ 1.981  cents $ 2.065   (9/3/05) $  2.176
           ------- ------- ------- ------ ------- ---------  --------
                     -5.8           -6.6          $   3.019
Dallas     $ 2.042   cents $ 2.100  cents $ 2.166   (9/4/05) $  2.299
           ------- ------- ------- ------ ------- ---------  --------
                     -7.7           -4.3          $   3.002
El Paso    $ 2.037   cents $ 2.114  cents $ 2.157   (8/5/06) $  2.247
           ------- ------- ------- ------ ------- ---------  --------
                     -5.8           -6.2          $   3.012
Ft. Worth  $ 2.029   cents $ 2.087  cents $ 2.149   (9/4/05) $  2.289
           ------- ------- ------- ------ ------- ---------  --------
Galveston
 -Texas              -6.5           -4.9          $   2.997
  City     $ 2.043   cents $ 2.108  cents $ 2.157   (9/4/05) $  2.286
           ------- ------- ------- ------ ------- ---------  --------
                     -6.7           -5.5          $   2.971
Houston    $ 2.023   cents $ 2.090  cents $ 2.145   (9/6/05) $  2.280
           ------- ------- ------- ------ ------- ---------  --------
San                  -5.7           -4.5          $   2.909
 Antonio   $ 2.045   cents $ 2.102  cents $ 2.147   (9/4/05) $  2.234
           ------- ------- ------- ------ ------- ---------  --------
Texarkana            -7.6           -5.0          $   2.960
 (TX only) $ 2.014   cents $ 2.090  cents $ 2.140   (8/7/06) $  2.290
           ------- ------- ------- ------ ------- ---------  --------

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