AAA Texas: Gas Prices Trending Lower; Prices May Be Near Floor

    HOUSTON--April 25, 2003--For the fifth consecutive week, gasoline prices across Texas declined, but market forces point to the possibility that prices may be near their floor, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.
    The statewide average price for a gallon of regular unleaded self-serve is $1.466 which is 2.2 cents lower than last week's level, 13 cents below the price last month and 10 cents higher than last year. Of the major metropolitan areas in Texas, Dallas had the highest price with an average of 1.498 per gallon, while motorists in Corpus Christi have the lowest price of $1.370.
    "For the first time since March tenth, there has been a slight up-tick in wholesale gasoline prices in Texas," said Carol Thorp, spokesperson for AAA Texas said. "In addition, retail profit margins are getting tighter, indicating that prices may hit bottom fairly soon."

    Average prices as of 12:01 a.m., April 25, 2003:

Area                     Regular         Change         Record Price
----                   ----------      ----------    -----------------
Austin-San Marcos       $   1.417      -3.1 cents    $ 1.580 (3/19/03)

Corpus Christi          $   1.370      -2.7 cents    $ 1.590 (2/20/03)

Dallas                  $   1.498      -2.1 cents    $ 1.666 (5/12/01)

Fort Worth              $   1.477      -1.9 cents    $ 1.660 (5/22/01)

Houston                 $   1.468      -2.5 cents    $ 1.639 (5/12/01)

San Antonio             $   1.420      -2.8 cents    $ 1.582 (3/18/03)