AAA Texas: Gas Prices Trending Lower; Prices May Be Near Floor.Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--April 25, 2003 For the fifth consecutive week, 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 across Texas declined, but market forces point to the possibility that prices may be near their floor, 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. 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 $1.466 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 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 1.498 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 $1.370. "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) |
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