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Texas Gas Prices Reach Record Highs; AAA Texas Monthly Fuel Gauge Report

    HOUSTON--May 16, 2001--Gas prices in Texas have reached record levels this month.
    The current statewide average price for a gallon of self-serve regular gasoline is $1.57, an 8 cents increase from last month's average price of $1.49 a gallon. It is also nearly a dime more than last May's average of $1.48 a gallon.
    The highest average price for regular in Texas can be found in Dallas at $1.67 a gallon, followed by Fort Worth at $1.66 and Amarillo at $1.65.
    Nationally, AAA's Fuel Gauge Report shows the average price at $1.71, up 13 cents from a month ago. Last year, the average was $1.50 a gallon.
    The lowest statewide average price in the nation is in Georgia, where the price of gasoline averages nearly $1.50 a gallon. On the other end of the scale, the highest statewide average in the U.S. is in California at $2.00 a gallon.
    AAA and AAA Texas commission their Fuel Gauge Reports as a public service. The current reports are based on data gathered by the Oil Price Information Service -- the nation's most comprehensive source of petroleum pricing information.
    AAA Texas has been serving Texans since 1902. AAA Texas offers its members a full service travel agency, auto-related and financial services, as well as public safety programs and legislative advocacy.

    Note: Attached is May 16, 2001 average price information for 17 Texas cities.



                  AAA TEXAS FUEL GAUGE MONTHLY REPORT
             AVERAGE PRICE OF SELF-SERVE REGULAR GASOLINE
                       IN SELECTED TEXAS CITIES

Metro      State  May '01  Apr.'01  Mar.'01  Feb.'01  Jan.'01  May '00
----------------------------------------------------------------------
Abilene      TX    1.609    1.464    1.368    1.391    1.400    1.379
Amarillo     TX    1.648    1.520    1.299    1.431    1.369    1.397
Austin       TX    1.521    1.454    1.323    1.361    1.320    1.387
Beaumont     TX    1.538    1.510    1.312    1.391    1.409    1.327
Brownsville  TX    1.491    1.467    1.246    1.318    1.379    1.325
Corpus
 Christi     TX    1.477    1.439    1.258    1.301    1.327    1.379
Dallas       TX    1.670    1.559    1.396    1.425    1.404    1.443
El Paso      TX    1.541    1.419    1.314    1.363    1.356    1.365
Fort Worth   TX    1.661    1.559    1.393    1.424    1.399    1.409
Houston      TX    1.636    1.547    1.354    1.384    1.359    1.445
Laredo       TX    1.567    1.468    1.425    1.437    1.468    1.397
Longview     TX    1.610    1.529    1.377    1.399    1.373    1.343
Lubbock      TX    1.608    1.478    1.310    1.427    1.403    1.397
Midland      TX    1.582    1.513    1.402    1.424    1.441     n/a
Odessa       TX    1.554    1.475    1.346    1.397    1.399     n/a
San Antonio  TX    1.493    1.435    1.273    1.323    1.281    1.444
Waco         TX    1.551    1.477    1.257    1.358    1.362    1.457
----------------------------------------------------------------------
Average      TX    1.574    1.489    1.333    1.386    1.379    1.475


                          (May 2001)   (May 2000)
                          ----------   ----------
National Average Price       $1.71        $1.50      up 21 cents
Texas Average Price          $1.57        $1.48      up  9 cents

             Survey Commissioned by AAA-Texas on May 2001