AAA Fuel Gauge Report for October 31, 2008

AAA-Texas: Gas Prices Dive Below $2.50

 | Quelle: AAA Texas AAA Texas

HOUSTON, TX--(Marketwire - October 30, 2008) - Gas stations throughout Texas are reporting prices well under $2.50 per gallon, according to AAA Texas. The average price of regular unleaded gasoline fell by more than 28 cents in Texas compared to last week, pushing the state average to nearly 24 cents below the national average of $2.547.

Corpus Christi, at $2.098, has the least expensive average price as compared to other metropolitan areas in the state. Dallas is reporting a price of $2.303 a gallon, a decrease of over 30 cents since last week. In Houston gas is at $2.288, down 31 cents from last week.

All reporting areas in the state are now under $3.00 a gallon with the highest average price in El Paso at $2.717. El Paso prices fell more than 23 cents since last week.

"This free-fall in prices has picked up the pace in recent weeks. It's difficult to see when and at what level it will stop," said AAA Texas Dallas spokesperson Dan Ronan. "It certainly could be viewed as Halloween 'treat' for Texans."

Light, sweet crude oil reaching a record price of $147.27 a barrel on July 11, is currently trading around $67 to $71. Gas prices have fallen far below where they were a year ago after reaching a national peak average of $4.11 on July 17. 

                                                            Record   Record
                    1 Week                                    High   High
           Current    Ago    Difference Year Ago Difference   Date   Price
           -------- -------- ---------- -------- ---------- -------- ------
           10/30/08 10/23/08 Difference 10/30/07 Difference   Date   Price
           -------- -------- ---------- -------- ---------- -------- ------
National      2.547    2.822     -0.275    2.899     -0.352 07/17/08  4.114
           -------- -------- ---------- -------- ---------- -------- ------
State         2.312    2.598     -0.286    2.779     -0.467 07/17/08  3.985
           -------- -------- ---------- -------- ---------- -------- ------
Amarillo      2.293    2.554     -0.261    2.886     -0.593 07/16/08  3.983
           -------- -------- ---------- -------- ---------- -------- ------
Austin-San
 Marcos       2.325    2.602     -0.277    2.786     -0.461 07/17/08  3.975
           -------- -------- ---------- -------- ---------- -------- ------
Beaumont      2.448    2.709     -0.261    2.764     -0.316 07/16/08  4.001
           -------- -------- ---------- -------- ---------- -------- ------
Corpus
 Christi      2.098    2.379     -0.281    2.686     -0.588 07/15/08  3.960
           -------- -------- ---------- -------- ---------- -------- ------
Dallas        2.303    2.605     -0.302    2.742     -0.439 07/16/08  3.983
           -------- -------- ---------- -------- ---------- -------- ------
El Paso       2.717    2.954     -0.237    2.798     -0.081 07/17/08  3.967
           -------- -------- ---------- -------- ---------- -------- ------
Ft. Worth     2.280    2.576     -0.296    2.736     -0.456 07/16/08  3.975
           -------- -------- ---------- -------- ---------- -------- ------
Galveston     2.356    2.663     -0.307    2.692     -0.336 07/14/08  3.968
           -------- -------- ---------- -------- ---------- -------- ------
Houston       2.288    2.601     -0.313    2.676     -0.388 07/17/08  3.960
           -------- -------- ---------- -------- ---------- -------- ------
San
 Antonio      2.202    2.642     -0.440    2.747     -0.545 07/16/08  3.957
           -------- -------- ---------- -------- ---------- -------- ------
Texarkana
 (TX Only)    2.255    2.522     -0.267    2.798     -0.543 07/16/08  3.981
           -------- -------- ---------- -------- ---------- -------- ------

Contact Information: Contacts: Dan Ronan - Statewide/Dallas Ronan.dan@aaa-texas.com danronan@sprint.blackberry.net 469-221-8217 office 469-583-7070 cell Sarah Schimmer - Houston Schimmer.sarah@aaa-texas.com 713-284-6552 office 281-797-7886 cell

GlobeNewswire