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AAA Texas: Weekend Gas Watch

Posted on: Friday, 9 November 2007, 03:00 CST

Retail gasoline prices inched closer to the three-dollar mark this week, according to the AAA Texas Weekend Gas Watch. The statewide average climbed more than 14 cents to $2.94 a gallon as every city surveyed saw double digit increases.

The nationwide average has already broken the three-dollar mark where it currently stands at $3.06 a gallon, a 15-cent increase from last week.

"This is not good news for Texas motorists," said AAA Texas spokesperson Paul Flaningan. "Retail gasoline prices are poised to climb even higher in the weeks ahead as we enter the Thanksgiving holiday shopping and travel seasons. Oil Industry analysts say that with oil testing the $100 per barrel mark and the cold winter months ahead, increases in gasoline prices may not stabilize for the next six or seven weeks."

The Houston area has the state's cheapest gas at $2.86 -- despite a weekly increase of 14 cents. Amarillo has the state's highest average price at $3.07 a gallon -- up almost 16 cents from last week.

AAA Texas Fuel Savings Tip of the Week: Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower your gas mileage by 33 percent at highway speeds. Sensible driving is also safer for you and others, so you may save more than gas money.

 Average Daily Prices as of 12:01 a.m., November 9, 2007                           Weekly         Weekly           Record   Year ago Area              11/8/07 Change 11/1/07 Change 10/25/07   High     Average                   ------- ------ ------- ------ -------- ---------  -------                                                          $   3.227 National          $ 3.061  +14.8 $ 2.913   +9.3 $  2.820  (5/24/07) $ 2.199                                                          $   3.085 State             $ 2.943  +14.4 $ 2.799   +8.9 $  2.710  (5/23/07) $ 2.081                                                          $   3.308 Amarillo          $ 3.074  +15.5 $ 2.919   +8.0 $  2.839  (7/13/07) $ 2.144 Austin - San                                             $   3.048  Marcos           $ 2.966  +12.1 $ 2.845   +9.1 $  2.754  (5/22/07) $ 2.147                                                          $   3.055 Beaumont          $ 2.959  +18.5 $ 2.774   +4.6 $  2.728  (5/22/07) $ 2.055                                                          $   3.011 Corpus Christi    $ 2.937  +15.7 $ 2.780  +10.6 $  2.674  (5/23/07) $ 1.984                                                          $   3.062 Dallas            $ 2.947  +14.3 $ 2.804  +10.8 $  2.696  (5/24/07) $ 2.068                                                          $   3.278 El Paso           $ 2.935  +12.2 $ 2.813   +3.8 $  2.775  (5/26/07) $ 2.134                                                          $   3.058 Ft. Worth         $ 2.946  +14.9 $ 2.797   +9.4 $  2.703  (5/23/07) $ 2.060 Galveston -                                              $   3.056  Texas City       $ 2.877  +15.0 $ 2.727   +8.5 $  2.642  (5/22/07) $ 2.023                                                          $   3.042 Houston           $ 2.862  +14.3 $ 2.719   +9.6 $  2.623  (5/23/07) $ 2.011                                                          $   2.994 San Antonio       $ 2.937  +12.3 $ 2.814  +11.1 $  2.703  (5/23/07) $ 2.070 Texarkana (TX                                            $   3.048  only)            $ 3.044  +20.9 $ 2.835  +11.8 $  2.717  (5/21/07) $ 2.106 

 Contacts: Paul Flaningan 469.221.8217 Email Contact  Rose Rougeau 713.284.6552 Email Contact

SOURCE: AAA Texas

Source: MARKET WIRE

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