Gas Prices Continue Decline

Houston, Texas -- Most areas of the state began seeing more gas stations post prices below $2 a gallon this week, as prices continued declining for a fourth straight week in the new year, according to the AAA Texas Weekend Gas Watch.

The average price for self-serve regular gasoline in Texas is $2.048, down six cents.

The Austin area continues to have the highest average on the list at $2.124 a gallon, which is five cents lower than last week. Corpus Christi has the cheapest gas on the list with a $1.914 average, which is nearly seven cents below last week.

”We’ve seen crude oil prices jump back up to $55 a barrel this week on news that the President wants to double the U.S. strategic oil reserve and signs from OPEC that it is honoring its pledge to cut oil production,” said Rose Rougeau, spokesperson for AAA Texas.

“But gasoline supplies across the country remain plentiful, so it’s hard to say whether crude oil prices will immediately impact this downturn at the pump.”

The national average is $2.145 a gallon, six cents less than last week’s average.

AAA Texas Weekend Gas Watch monitors the average price of gasoline in Texas.

Area	1/25/07	Weekly Change	1/18/07	Record High	Year Ago Average
National	$2.145	-6.4 cents	$2.209	$3.057 ( 9/5/05)	$2.334
State	$2.048	-6.3 cents	$2.111	$2.964 ( 9/4/05)	$2.279
Austin – San Marcos	$2.124	-5.0 cents	$2.174	$2.918 ( 9/6/05)	$2.272
Amarillo	$2.027	-8.5 cents	$2.112	$3.035 ( 8/7/06)	$2.234
Beaumont	$1.990	-7.1 cents	$2.061	$2.930 ( 9/4/05)	$2.297
Corpus Christi	$1.914	-6.7 cents	$1.981	$2.929 ( 9/3/05)	$2.176
Dallas	$2.042	-5.8 cents	$2.100	$3.019 ( 9/4/05)	$2.299
El Paso	$2.037	-7.7 cents	$2.114	$3.002 ( 8/5/06)	$2.247
Ft. Worth	$2.029	-5.8 cents	$2.087	$3.012 ( 9/4/05)	$2.289
Galveston – Texas City	$2.043	-6.5 cents	$2.108	$2.997 ( 9/4/05)	$2.286
Houston	$2.023	-6.7 cents	$2.090	$2.971 ( 9/6/05)	$2.280
San Antonio	$2.045	-5.7 cents	$2.102	$2.909 ( 9/4/05)	$2.234
Texarkana (TX only)	$2.014	-7.6 cents	$2.090	$2.960 ( 8/7/06)	$2.290