AAA Texas: State Gasoline Prices Continue Rapid Downward Trend
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IRVING, TX Aug 1, 2008; For the second week in a row, gasoline prices at the pump fell significantly in Texas, keeping in line with the recent fall in wholesale crude prices and the national drop in oil prices, according to the AAA Texas Weekend Gas Watch.
The average price for a gallon of gas in Texas is now $3.81 a gallon, down nearly 11 cents in one week and 18 cents in two weeks. On the national level, 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 are more than a dollar a gallon higher than they were on this date one year ago today.
For the second week in a row, gasoline in Corpus Christi remains the cheapest at a fraction more than $3.75 a gallon. Motorists in El Paso paid the highest for fuel at $3.86 a gallon. That's down six cents since last week -- the smallest decline of any city in Texas.
"The drop in gasoline prices may be reflecting the more than $20-a-barrel drop in crude oil prices since the first week of July when they hit a record of $147 a barrel," said AAA Texas Corporate Communications Manager Dan Ronan. "It often takes a few weeks for retail prices to catch up to what'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 4.114 State 3.808 3.916 -0.108 2.795 +1.013 07/17/08 3.985 Amarillo 3.811 3.875 -0.064 2.925 +0.886 07/16/08 3.983 Austin-San Marcos 3.842 3.925 -0.083 2.810 +1.032 07/17/08 3.975 Beaumont 3.798 3.915 -0.117 2.780 +1.018 07/16/08 4.001 Corpus Christi 3.755 3.861 -0.106 2.643 +1.112 07/15/08 3.960 Dallas 3.799 3.911 -0.112 2.780 +1.019 07/16/08 3.983 El Paso 3.863 3.922 -0.059 2.873 +0.990 07/17/08 3.967 Ft. Worth 3.781 3.894 -0.113 2.764 +1.017 07/16/08 3.975 Galveston 3.816 3.908 -0.092 2.776 +1.040 07/14/08 3.968 Houston 3.788 3.892 -0.104 2.741 +1.047 07/17/08 3.960 San Antonio 3.803 3.905 -0.102 2.781 +1.022 07/16/08 3.957 Texarkana (TX Only) 3.770 3.893 -0.123 2.776 +0.994 07/16/08 3.981