SOURCE: AAA Texas

April 06, 2007 01:05 ET

AAA Texas: Weekend Gas Watch

HOUSTON, TX -- (MARKET WIRE) -- April 6, 2007 -- Gas prices zoomed upward in Texas over the past week, at least partly driven by high wholesale prices that reflected investors' worry about the effects of Middle East tensions on supply, according to the AAA Texas Weekend Gas Watch.

The highest average on the list is Amarillo at $2.692 a gallon -- up eight cents. The cheapest average, $2.494 a gallon, was found in both Corpus Christi, where prices rose by 11 cents, and San Antonio, where prices increased by eight cents.

"Crude oil prices have dipped in the past couple of days, but it's too early to say whether that's a trend that will bring an end to increasing gas prices statewide and nationwide," said AAA Texas spokeswoman Rose Rougeau. "Supply in west Texas continues to be affected by the Valero refinery closure. The refinery is expected to begin producing at half its normal output of 170,000 barrels of gas a day beginning in mid-April."

The national average is $2.706 a gallon -- up nearly nine cents. AAA Texas Weekend Gas Watch monitors the average price of gasoline in Texas.

Average Daily Prices as of 12:01 AM, April 6, 2007

                                                                     Year
                      Weekly              Weekly           Record     Ago
Area        4/5/07    Change    3/29/07   Change   3/22/07  High    Average
----        ------  ----------- ------- ---------- ------- -------  -------
                                                           $3.057
National    $2.706   +8.6 cents  $2.620 +4.8 cents  $2.572 (9/5/05)  $2.500

                                                           $2.964
State       $2.597  +10.1 cents  $2.486 +6.1 cents  $2.425 (9/4/05)  $2.469

Austin -
 San                                                       $2.918
 Marcos     $2.555   +9.1 cents  $2.464 +5.4 cents  $2.410 (9/6/05)  $2.434

                                                           $3.035
Amarillo    $2.692   +8.0 cents  $2.612 +5.0 cents  $2.562 (8/7/06)  $2.425

                                                           $2.930
Beaumont    $2.531   +9.4 cents  $2.437 +6.6 cents  $2.371 (9/4/05)  $2.434


Corpus                                                     $2.929
 Christi    $2.494  +11.3 cents  $2.381 +3.1 cents  $2.350 (9/3/05)  $2.390

                                                           $3.019
Dallas      $2.624  +12.3 cents  $2.501 +7.1 cents  $2.430 (9/4/05)  $2.519

                                                           $3.002
El Paso     $2.669  +10.1 cents  $2.568 +6.6 cents  $2.502 (8/5/06)  $2.434

                                                           $3.012
Ft. Worth   $2.621  +12.8 cents  $2.493 +6.9 cents  $2.424 (9/4/05)  $2.508

Galveston
 -Texas                                                    $2.997
 City       $2.627  +12.3 cents  $2.504 +7.5 cents  $2.429 (9/4/05)  $2.492

                                                           $2.971
Houston     $2.618  +12.4 cents  $2.494 +8.2 cents  $2.412 (9/6/05)  $2.486

San                                                        $2.909
 Antonio    $2.494   +8.1 cents  $2.413 +4.9 cents  $2.364 (9/4/05)  $2.387

Texarkana                                                  $2.960
 (TX only)  $2.569   +9.2 cents  $2.477 +3.7 cents  $2.440 (8/7/06)  $2.437

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