SOURCE: AAA Texas

February 22, 2008 13:01 ET

AAA Texas: Weekend Gas Watch

Record High Crude Prices, Drive Gas Prices Up

HOUSTON, TX--(Marketwire - February 22, 2008) - Record high crude prices helped drive retail gas prices upward this week, according to the AAA Texas Weekend Gas Watch.

The Texas average increased 12 cents in a week to $2.99 a gallon.

"Eight of the eleven Texas regions surveyed posted double-digit increases, with Texarkana spiking 18 cents," said AAA Texas spokesperson Rose Rougeau. "Crude oil prices surged above $100 a barrel this week on speculation and the possibility of OPEC reducing its output at an upcoming meeting. However, analysts believe an increase in oil inventories would remove some of the edge off of oil prices, helping to slow the increase in retail gas prices."

San Antonio has the lowest average at $2.95 a gallon, up nine cents. The Texarkana area has the highest average on the list at $3.06 a gallon.

Average Daily Prices as of 12:01 a.m., February 22, 2008

                                                                     Year
                         Weekly         Weekly            Record      Ago
Area            2/21/08  Change 2/14/08 Change   2/7/08    High     Average
-----           -------- ------ ------- ------- -------- ---------  -------
                                          +0.7           $   3.227
National        $  3.086  +10.7 $ 2.979    cent $  2.972  (5/24/07) $ 2.278
                -------- ------ ------- ------- -------- ---------  -------
                                          +0.5           $   3.085
State           $  2.990  +11.9 $ 2.871    cent $  2.866  (5/23/07) $ 2.145
                -------- ------ ------- ------- -------- ---------  -------
                                          +3.9           $   3.308
Amarillo        $  3.050  +12.8 $ 2.922   cents $  2.883  (7/13/07) $ 2.253
                -------- ------ ------- ------- -------- ---------  -------
Austin -                                  -1.0           $   3.048
 San Marcos     $  2.989   +9.9 $ 2.890    cent $  2.900  (5/22/07) $ 2.140
                -------- ------ ------- ------- -------- ---------  -------
                                          +2.0           $   3.055
Beaumont        $  3.007   +9.8 $ 2.909   cents $  2.889  (5/22/07) $ 2.115
                -------- ------ ------- ------- -------- ---------  -------
                                          -3.4           $   3.011
Corpus Christi  $  2.952   16.8 $ 2.784   cents $  2.818  (5/23/07) $ 2.074
                -------- ------ ------- ------- -------- ---------  -------
                                          +0.9           $   3.062
Dallas          $  2.981  +13.7 $ 2.844    cent $  2.835  (5/24/07) $ 2.152
                -------- ------ ------- ------- -------- ---------  -------
                                          +1.7           $   3.278
El Paso         $  2.962  +10.2 $ 2.860   cents $  2.843  (5/26/07) $ 2.175
                -------- ------ ------- ------- -------- ---------  -------
                                          +0.8           $   3.058
Ft. Worth       $  2.977  +13.3 $ 2.844    cent $  2.836  (5/23/07) $ 2.150
                -------- ------ ------- ------- -------- ---------  -------
Galveston -                               -0.7           $   3.056
 Texas City     $  2.966  +11.7 $ 2.849    cent $  2.856  (5/22/07) $ 2.134
                -------- ------ ------- ------- -------- ---------  -------
                                          -0.6           $   3.042
Houston         $  2.972  +12.7 $ 2.845    cent $  2.851  (5/23/07) $ 2.123
                -------- ------ ------- ------- -------- ---------  -------
                                          -0.9           $   2.994
San Antonio     $  2.947   +9.0 $ 2.857    cent $  2.866  (5/24/07) $ 2.080
                -------- ------ ------- ------- -------- ---------  -------
Texarkana                                 +3.5           $   3.070
 (TX only)      $  3.063  +17.8 $ 2.885   cents $  2.850 (11/10/07) $ 2.162
                -------- ------ ------- ------- -------- ---------  -------

Contact Information

  • Contact:
    Rose Rougeau
    1.800.888.5521 (phone)
    E-mail: Email Contact