IRVING, TX -- (Marketwire) -- 08/14/08 -- Motorists in Texas are seeing the cost ofgasoline fall rapidly as a gallon of regular unleaded dropped by nearly 10cents from a fraction below $3.74 a gallon last week to $3.64 today. Onthe national level, prices declined by another seven cents from $3.85 to$3.78. Texas drivers now are paying about 14 cents a gallon less thenational average; however gasoline is still 96 cents higher than it was oneyear ago today. It's the 28th straight day gasoline prices have fallen.Corpus Christi has the least expensive gas at just below $3.59 a gallon. ElPaso once again remains the highest at $3.74 a gallon, a dime above thestatewide average.
"The price of crude oil has fallen some thirty dollars a barrel in lessthan a month. In mid-July it reached its all time high of $147.27 a barreland this week it has been trading in the $115 dollar range. That drop ofmore than 30 dollars a barrel is now translating into big cuts at yourlocal gas station," says AAA Texas Corporate Communications Manager DanRonan.
The rapid increase in crude prices this spring also dramatically impactedthe amount and way people drive. According to the U.S. TransportationDepartment the number of miles driven in June 2008 compared to June 2007fell by 4.7 percent nationally. The government also reported that duringthe first three months of 2008 drivers cut their gasoline usage by 400million gallons a drop of 1.3% and diesel also fell by 318 million gallons,a dramatic plunge of 7%.
Record Record 1 Week High High Current Ago Difference Year Ago Difference Date Price ------- ------- ---------- -------- ---------- -------- ------- 08/14/08 08/07/08 Difference 08/14/07 Difference Date Price ------- ------- ---------- -------- ---------- -------- -------National 3.778 3.849 -0.071 2.762 +1.016 07/17/08 4.114 ------- ------- ---------- -------- ---------- -------- -------State 3.641 3.737 -0.096 2.684 +0.957 07/17/08 3.985 ------- ------- ---------- -------- ---------- -------- -------Amarillo 3.652 3.751 -0.099 2.823 +0.829 07/16/08 3.983 ------- ------- ---------- -------- ---------- -------- -------Austin-San Marcos 3.682 3.774 -0.092 2.722 +0.960 07/17/08 3.975 ------- ------- ---------- -------- ---------- -------- -------Beaumont 3.638 3.732 -0.094 2.655 +0.983 07/16/08 4.001 ------- ------- ---------- -------- ---------- -------- -------Corpus Christi 3.587 3.677 -0.090 2.521 +1.066 07/15/08 3.960 ------- ------- ---------- -------- ---------- -------- -------Dallas 3.613 3.718 -0.105 2.667 +0.946 07/16/08 3.983 ------- ------- ---------- -------- ---------- -------- -------El Paso 3.742 3.805 -0.063 2.746 +0.996 07/17/08 3.967 ------- ------- ---------- -------- ---------- -------- -------Ft. Worth 3.604 3.701 -0.097 2.645 +0.959 07/16/08 3.975 ------- ------- ---------- -------- ---------- -------- -------Galveston 3.617 3.727 -0.110 2.668 +0.949 07/14/08 3.968 ------- ------- ---------- -------- ---------- -------- -------Houston 3.597 3.716 -0.119 2.637 +0.960 07/17/08 3.960 ------- ------- ---------- -------- ---------- -------- -------San Antonio 3.650 3.729 -0.079 2.700 +0.950 07/16/08 3.957 ------- ------- ---------- -------- ---------- -------- -------Texarkana (TX Only) 3.623 3.697 -0.074 2.693 +0.930 07/16/08 3.981 ------- ------- ---------- -------- ---------- -------- -------
AAA Texas-New Mexico, an affiliate of AAA National, has been serving Texanssince 1902. Today, more than a million AAA Texas members benefit from theorganization's roadside assistance service, travel agency, financialproducts, insurance products and services, automotive pricing, buying andfinancing, trip planning services, and traffic safety programs.Information about these products and services is available on AAA Texas'web site at www.aaa.com.
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
