AAA Texas: Gas Prices Keep Marching Lower.Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--May 16, 2003 Despite expectations of a bottoming out of Texas gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices, gas continued its downward march for the eighth straight week, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Weekend Gas Watch, compiled by AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. Texas. Ample supplies of gas, caused by imports, are the primary reason for continuing lower pump prices. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. The statewide average price for a gallon gallon: see English units of measurement. of regular unleaded self-serve is $1.383 which is 2.3 cents lower than last week's level, 11 cents below the price last month and 3 cents higher than last year. Of the major metropolitan areas in Texas, Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. had the highest price with an average of 1.415 per gallon, while motorists in Corpus Christi Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). have the lowest price of $1.255. "The downward trend in gasoline prices has continued despite the fact that dealer profits remain thin across the state," said Carol Thorp, spokesperson for AAA Texas. "Imports from Canada, Venezuela and Europe have increased supply, so there appears to be a little more downward room in our current prices." Average prices as of 12:01 a.m., May 16, 2003: Area Regular Change Record Price ---- ------- ------ ------------ Austin-San Marcos $1.314 -2.7 cents $1.580 (3/19/03) Corpus Christi $1.255 -2.9 cents $1.590 (2/20/03) Dallas $1.415 -2.5 cents $1.666 (5/12/01) Fort Worth $1.396 -2.2 cents $1.660 (5/22/01) Houston $1.374 -2.4 cents $1.639 (5/12/01) San Antonio $1.321 -3.0 cents $1.582 (3/18/03) |
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