IRVING, TX -- (MARKET WIRE) -- 08/01/08 -- For the second week in a row, gasoline prices atthe pump fell significantly in Texas, keeping in line with the recent fallin wholesale crude prices and the national drop in oil prices, according tothe AAA Texas Weekend Gas Watch.The average price for a gallon of gas in Texas is now $3.81 a gallon, downnearly 11 cents in one week and 18 cents in two weeks. On the nationallevel, prices fell 12 cents a gallon from just below $4.03 last week to$3.91 a gallon today. Still, prices across the United States and Texas aremore than a dollar a gallon higher than they were on this date one year agotoday.
For the second week in a row, gasoline in Corpus Christi remains thecheapest at a fraction more than $3.75 a gallon. Motorists in El Paso paidthe highest for fuel at $3.86 a gallon. That's down six cents since lastweek -- the smallest decline of any city in Texas.
"The drop in gasoline prices may be reflecting the more than $20-a-barreldrop in crude oil prices since the first week of July when they hit arecord of $147 a barrel," said AAA Texas Corporate Communications ManagerDan Ronan. "It often takes a few weeks for retail prices to catch up towhat's happening in the markets, but that seems to be the case now."
Diffe- Diffe- 07/31/08 7/24/08 rence 07/31/07 rence Date Price -------- ------- ----- -------- ----- -------- -----National 3.909 4.026 -0.117 2.867 +1.042 07/17/08 4.114State 3.808 3.916 -0.108 2.795 +1.013 07/17/08 3.985Amarillo 3.811 3.875 -0.064 2.925 +0.886 07/16/08 3.983Austin-San Marcos 3.842 3.925 -0.083 2.810 +1.032 07/17/08 3.975Beaumont 3.798 3.915 -0.117 2.780 +1.018 07/16/08 4.001Corpus Christi 3.755 3.861 -0.106 2.643 +1.112 07/15/08 3.960Dallas 3.799 3.911 -0.112 2.780 +1.019 07/16/08 3.983El Paso 3.863 3.922 -0.059 2.873 +0.990 07/17/08 3.967Ft. Worth 3.781 3.894 -0.113 2.764 +1.017 07/16/08 3.975Galveston 3.816 3.908 -0.092 2.776 +1.040 07/14/08 3.968Houston 3.788 3.892 -0.104 2.741 +1.047 07/17/08 3.960San Antonio 3.803 3.905 -0.102 2.781 +1.022 07/16/08 3.957Texarkana (TX Only) 3.770 3.893 -0.123 2.776 +0.994 07/16/08 3.981
Contacts:
Dan Ronan
Ronan.dan@aaa-texas.com
danronan@sprint.blackberry.net
469 221 8217 office
469 583 7070 cell
Anne O'Ryan
O'ryan.anne@aaa-texas.com
512 899 8843 office
512 925 3710 cell
Sonta Henderson
Henderson.sonta@aaa-texas.com
512 444 4757 ext. 224
512 899 8046
