AAA Texas: Weekend Gas Watch; Gas Prices on Upswing
HOUSTON--May 19, 2006--After two straight weeks of price drops, the price of retail gasoline is back on the upswing, according to AAA Texas' Weekend Gas Watch.In Texas, the current average is $2.854 a gallon - up three cents since last week. The Galveston-Texas City area has the highest priced gasoline at $2.944 a gallon - about the same as a week ago. Corpus Christi has the lowest average at $2.711 a gallon, despite a five cent increase.
"Although recent events would argue for a drop in the price of retail gasoline, that doesn't appear to be the case for motorists," said Rose Rougeau, spokesperson for AAA Texas. "Crude oil fell to a five week low this week and the weekly government report showed gas supplies rising. However, concerns about the U.S. standoff with Iran regarding its nuclear ambitions, the threat of possible supply disruptions in Nigeria, and the upcoming hurricane season have created anxiety in the energy market.
The national average for regular self-serve gasoline is $2.922 a gallon - up nearly four cents in a week.
AAA Texas' Weekend Gas Watch monitors the average price of gasoline in Texas.
Average Daily Prices as of 12:01 a.m., May 19, 2006
Area 5/18/06 Weekly Change 5/12/06 Weekly Change
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National $2.922 +3.7 cents $2.885 -3.3 cents
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State $2.854 +3.1 cents $2.823 -3.9 cents
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Austin - San Marcos $2.772 +0.3 cent $2.769 -4.5 cents
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Beaumont $2.775 -0.8 cent $2.783 -2.8 cents
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Corpus Christi $2.711 +5.4 cents $2.657 -9.3 cents
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Dallas $2.928 +2.5 cents $2.903 -3.8 cents
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Ft. Worth $2.927 +2.5 cents $2.902 -3.7 cents
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Galveston -Texas City $2.944 +0.4 cent $2.904 -0.2 cent
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Houston $2.942 +4.5 cents $2.897 -1.6 cents
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San Antonio $2.737 +1.1 cent $2.726 -3.2 cents
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2005
Area 5/4/06 Record High Average
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National $2.918 $3.057 (9/5/05) $2.149
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State $2.862 $2.964 (9/4/05) $2.053
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Austin - San Marcos $2.814 $2.918 (9/6/05) $2.036
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Beaumont $2.811 $2.930 (9/4/05) $2.020
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Corpus Christi $2.750 $2.929 (9/3/05) $1.956
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Dallas $2.941 $3.019 (9/4/05) $2.096
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Ft. Worth $2.939 $3.012 (9/4/05) $2.082
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Galveston -Texas City $2.906 $2.997 (9/4/05) $2.037
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Houston $2.913 $2.971 (9/6/05) $2.029
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San Antonio $2.758 $2.909 (9/4/05) $2.009
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