AAA Texas: Weekend Gas Watch; Gasoline Prices Move Lower

HOUSTON--Aug. 1, 2003--Gasoline prices throughout Texas moved lower this week, according to the Weekend Gas Watch, compiled by AAA Texas.

The statewide average price for a gallon of regular self-serve is $1.44 - down a penny since last week. A year ago, Texans were paying $1.33 a gallon. Once again, Corpus Christi has the least expensive fuel, averaging $1.39 a gallon - almost a penny less than last week's average - but eleven cents more than last year's average of $1.28 a gallon. Dallas remains at the top of the list with the most expensive fuel, at $1.46 a gallon -- that's still lower than last week's average of $1.47.

"The Organization of Petroleum Exporting Countries (OPEC) has agreed not to lower its daily production levels," said Rose Rougeau, spokesperson for AAA Texas. "Barring any major refinery or pipeline problems, this move is expected to keep fuel prices at or near their current levels."

The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.

Average prices as of 12:01 a.m., Aug. 1, 2003:

Area                   Regular        Change          Record Price
-----                 --------      ----------      ----------------
Austin-San Marcos      $1.410       -0.6 cent       $1.580 (3/19/03)

Corpus Christi         $1.388       -0.7 cent       $1.590 (2/20/03)

Dallas                 $1.462       -0.4 cent       $1.666 (5/12/01)

Fort Worth             $1.448       -0.6 cent       $1.660 (5/22/01)

Houston                $1.436       -0.4 cent       $1.639 (5/12/01)

San Antonio            $1.402       -1.0 cent       $1.582 (3/18/03)