AAA Texas Monthly Fuel Gauge Report Shows Statewide Average Gas Price Moves Upward
HOUSTON--Feb. 1, 20048, 2004--Texas motorists are shelling out more at the pumps today, than they did just a month ago. The statewide average for a gallon of fuel is $1.53, up nearly six cents since last month.The nationwide average price of self-serve regular gasoline is up about five cents to $1.643 a gallon since mid-January. It's almost identical to last year's price of $1.645 a gallon, although the circumstances then were quite different. "Last year at this time, the United States was preparing for a possible war with Iraq, and oil futures prices were thought to be sky-high at $34 a barrel," said Rose Rougeau of AAA Texas. This latest national average ($1.643) is about 9 cents below the highest nationwide average price ever recorded by AAA of $1.737 reached in August 2003.
"Gas prices today are higher due to a combination of factors including, high crude oil prices, low inventories of crude oil in the United States, cold winter weather, and rising demand for gasoline," added Rougeau. "With the annual industry switchover from winter gasoline to cleaner burning summer gas starting next month, fuel prices are expected to move even higher."
AAA's Fuel Gauge Report is based on data from the Oil Price Information Service, the nation's most comprehensive source of petroleum pricing information.
AAA Texas, an affiliate of AAA National, has been serving Texans since 1902. Today, more than a million AAA Texas' members benefit from the organization's roadside assistance service, insurance and financial products, travel agency, automotive pricing, buying and financing, trip planning services, and traffic safety programs. Information about these products and services is available on AAA Texas' Web site at www.aaa-texas.com.
AAA Texas Fuel Gauge Monthly Report
AVERAGE PRICE OF SELF-SERVE REGULAR GASOLINE
Metro State Feb. '04 Feb. '03 Jan. '04
----------------------------------------------------------------------
Abilene TX 1.568 1.504 1.481
----------------------------------------------------------------------
Amarillo TX 1.490 1.509 1.445
----------------------------------------------------------------------
Austin TX 1.524 1.482 1.476
----------------------------------------------------------------------
Beaumont TX 1.555 1.508 1.494
----------------------------------------------------------------------
Brownsville TX 1.533 1.498 1.482
----------------------------------------------------------------------
Corpus Christi TX 1.490 1.500 1.487
----------------------------------------------------------------------
Dallas TX 1.572 1.519 1.478
----------------------------------------------------------------------
El Paso TX 1.537 1.481 1.465
----------------------------------------------------------------------
Fort Worth TX 1.554 1.501 1.460
----------------------------------------------------------------------
Houston TX 1.545 1.505 1.466
----------------------------------------------------------------------
Laredo TX 1.510 1.466 1.482
----------------------------------------------------------------------
Longview TX 1.556 1.511 1.470
----------------------------------------------------------------------
Lubbock TX 1.494 1.512 1.456
----------------------------------------------------------------------
Midland TX 1.553 1.536 1.480
----------------------------------------------------------------------
Odessa TX 1.526 1.534 1.489
----------------------------------------------------------------------
San Antonio TX 1.497 1.470 1.451
----------------------------------------------------------------------
Waco TX 1.501 1.491 1.462
----------------------------------------------------------------------
Average TX 1.530 1.502 1.472
----------------------------------------------------------------------
