AAA Texas: Weekend Gas Watch Pump Prices Hit New Highs

HOUSTON, TX -- (MARKET WIRE) -- May 25, 2007 -- Consumers are paying the highest average prices ever for a gallon of gasoline this Memorial Day holiday, according to the AAA Texas Weekend Gas Watch.

Texas current average of $3.083 is only two-tenths short of the all-time record high set on Wednesday of this week. The statewide average climbed 13 cents.

"Pump prices set new record highs just about everyday this week," said AAA Texas spokeswoman Rose Rougeau. "Refiners are stressed, supplies are tight, and demand continues as AAA projects travel this holiday to be about the same as last year when fuel prices were nearly 30 cents a gallon lower."

The national average is $3.227 a gallon - a new record average and a weekly increase of 11 cents. AAA Texas Weekend Gas Watch monitors the average price of gasoline in Texas.

Average Daily Prices as of 12:01 AM, May 24, 2007    Source: AAA Texas

                                           Weekly
                                           Change
            5/24/07 5/23/07 5/22/07 5/21/07 5/17-         Record   Year Ago
Area         (Thur.) (Wedn.)(Tues.) (Mon.)  5/24 5/17/07   High     Average
----          ------ ------ ------ ------ ------ ------- =========  =======
                                           +11.3         $  3.227
National      $3.227 $3.221 $3.209 $3.196  cents $ 3.114  (5/24/07) $ 2.869
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +13.1         $   3.085
State         $3.083 $3.085 $3.084 $3.069  cents $ 2.952  (5/23/07) $ 2.801
              ------ ------ ------ ------ ------ ------- =========  =======
Austin -                                   +13.9         $   3.048
 San Marcos   $3.042 $3.044 $3.048 $3.032  cents $ 2.903  (5/22/07) $ 2.730
              ------ ------ ------ ------ ------ ------- =========  =======
                                            +6.9             3.298
Amarillo      $3.277 $3.298 $3.289 $3.287  cents $ 3.208  (5/23/07) $ 2.698
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +13.7         $   3.055
Beaumont      $3.041 $3.049 $3.055 $3.044  cents $ 2.904  (5/22/07) $ 2.717
              ------ ------ ------ ------ ------ ------- =========  =======
Corpus                                     +11.4         $   3.011
 Christi      $3.001 $3.011 $3.007 $3.008  cents $ 2.887  (5/23/07) $ 2.571
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +12.2         $   3.062
Dallas        $3.062 $3.061 $3.057 $3.036  cents $ 2.940  (5/24/07) $ 2.875
              ------ ------ ------ ------ ------ ------- =========  ======
                                           +10.8         $   3.277
El Paso       $3.276 $3.277 $3.271 $3.267  cents $ 3.168  (5/23/07) $ 2.762
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +12.6         $   3.058
Ft. Worth     $3.058 $3.058 $3.053 $3.037  cents $ 2.932  (5/23/07) $ 2.868
              ------ ------ ------ ------ ------ ------- =========  =======
Galveston -                                +10.2         $   3.056
 Texas City   $3.052 $3.054 $3.056 $3.050  cents $ 2.950  (5/22/07) $ 2.912
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +11.5         $   3.042
Houston       $3.038 $3.042 $3.041 $3.026  cents $ 2.923  (5/23/07) $ 2.900
              ------ ------ ------ ------ ------ ------- =========  =======
                                           +13.1         $   2.994
San Antonio   $2.994 $2.994 $2.991 $2.984  cents $ 2.863  (5/23/07) $ 2.700
              ------ ------ ------ ------ ------ ------- =========  =======
Texarkana                                   +9.5         $   3.048
 (TX only)    $3.019 $3.028 $3.028 $3.048  cents $ 2.924  (5/21/07) $ 2.672
              ------ ------ ------ ------ ------ ------- =========  =======

Contact Information: Contact: Rose Rougeau 1-800-888-5521 (ext. 6552) e-mail: Email Contact