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AAA Texas: Weekend Gas Watch; Texas Gas Prices Move Above $2 a Gallon

IRVING, Texas--June 10, 2005--After five consecutive weeks of declines, retail gasoline prices jumped back above $2 a gallon, according to AAA Texas' Weekend Gas Watch.

The statewide average price for regular self-serve increased almost five cents to $2.045 a gallon. A year ago, gas prices averaged $1.898 a gallon.

Corpus Christi has the lowest average at $1.974 a gallon -- eight cents more than last week's average. Dallas motorists are paying even more at $2.064 a gallon -- an increase of nearly three cents.

"Pump prices are now on the upswing after more than a month of lower averages," said Rose Rougeau, spokesperson for AAA Texas. "The past week saw the price of crude oil rise above $55 a barrel which indicates the end of lower gas prices for the immediate future."

The national average for regular self-serve gasoline is $2.124 a gallon -- a weekly increase of almost three cents.

AAA Texas' Weekend Gas Watch monitors the average price of gasoline at popular destinations for automobile trips.

Average Daily Prices as of 12:01 A.M., June 10, 2005:

                         Last
                        Week's     Weekly                      2004
Area            Current Average    Change    New Record Price Average
--------------- ------- -------- ----------- ---------------- --------
National        $2.124   $2.095  +2.9 cents  $2.276 (4/11/05)  $2.019
State           $2.045   $1.998  +4.7 cents  $2.175 (4/11/05)  $1.898

Austin-San
 Marcos         $2.026   $1.974  +5.2 cents  $2.159 (4/11/05)  $1.882
Beaumont        $2.004   $1.966  +3.8 cents  $2.140 (4/09/05)  $1.871
Corpus Christi  $1.974   $1.899  +8.5 cents  $2.173 (4/09/05)  $1.846
Dallas          $2.064   $2.036  +2.8 cents  $2.180 (4/09/05)  $1.914
Ft. Worth       $2.056   $2.021  +3.5 cents  $2.176 (4/11/05)  $1.907
Galveston-Texas
 City           $2.209   $1.985  +4.4 cents  $2.159 (4/11/05)  $1.898
Houston         $2.020   $1.969  +5.1 cents  $2.154 (4/09/05)  $1.880
San Antonio     $1.996   $1.947  +4.9 cents  $2.151 (4/11/05)  $1.886