AAA Texas: Gas Prices Move Lower; Relief May Be Temporary.Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--March 28, 2003 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 began moving lower throughout Texas last week on momentum caused by lower crude oil prices, 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. But volatility in crude markets and the annual change from winter grade gasoline formula to summer grade may limit how far prices could decline. 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 $1.581 which is 3.2 cents lower than last week's level, seven-tenths of a cent below the price last month and 29 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 1.599 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 $1.524. "Refiners in Texas will soon begin the process of changing from winter grade gasoline to summer grade. Summer grade gas is more difficult and expensive to produce and the process can temporarily affect supply to dealers," said Carol Thorp, spokesperson for AAA Texas. "In addition, lower crude oil prices contributed to the decline in gas prices that we've we've Contraction of we have. we've have seen. But market volatility, caused by the war in Iraq, may cause gasoline prices to fluctuate in the immediate near term." Average prices as of 12:01 a.m., March 28, 2003: Area Regular Change Record Price ----------------- ------- ---------- --------------- Austin-San Marcos $1.545 -3.3 cents $1.580 (3/19/03) Corpus Christi $1.524 -3.6 cents $1.590 (2/20/03) Dallas $1.599 -2.5 cents $1.666 (5/12/01) Fort Worth $1.586 -3.1 cents $1.660 (5/22/01) Houston $1.587 -2.6 cents $1.639 (5/12/01) San Antonio $1.555 -1.6 cents $1.582 (3/18/03) |
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