AAA Texas: Gas Prices Resume Upward March; Trend Toward Higher Prices Likely to Continue.Energy Editors/Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--March 14, 2003 After a short period of relative stability, 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 resumed their upward march last week throughout the state, 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. Increasing demand for gasoline, mixed with extremely tight supplies, indicate that the trend toward higher prices is likely to continue for the immediate near term. 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 $1.608, which is 2.1 cents higher than last week's level, six cents above the price last month and 43 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 1.621 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 $1.559, only two-tenths of a cent higher than last week. "Consumer demand for gasoline remains high and inventories of oil and gasoline are very low," Carol Thorp, spokesperson for AAA Texas said. "Unless consumer demand goes down, it's likely that we'll see higher pump prices for the next few weeks." Average prices as of 12:01 a.m., March 14, 2003: Area Regular Change Record Price ---- ------- ------ ------------ Austin-San Marcos $1.575 +1.8 cents $1.579 (2/18/03) Corpus Christi $1.559 +0.2 cents $1.590 (2/20/03) Dallas $1.621 +2.5 cents $1.666 (5/12/01) Ft. Worth $1.606 +2.2 cents $1.660 (5/22/01) Houston $1.609 +2.1 cents $1.639 (5/12/01) San Antonio $1.568 +2.1 cents $1.572 (2/15/03) |
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