AAA Texas: Statewide Price Increases Enter Second Week.Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--June 20, 2003 For the second 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 increased across Texas as retailers attempt to stabilize stabilize See peg. profits in the face of rising wholesale 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. 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 $1.407 which is a 1.9 cents higher than last week's level, 2.5 cents above the price last month and 8.6 cents higher than last year. Of the major metropolitan areas in Texas, Dallas had the highest price with an average of 1.417 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 $1.353. "Throughout the month of May, prices at the pump gradually moved lower across Texas even though wholesale prices were inching up," said Rose Rougeau, spokesperson for AAA Texas. "With the start of the summer driving season, dealers have raised prices to stabilize profits while taking advantage of higher demand. This trend could continue through the July 4th holiday weekend." Average prices as of 12:01 a.m., June 20, 2003: Area Regular Change Record Price ----- -------- ---------- --------------- Austin-San Marcos $1.371 +2.3 cents $1.580 (3/19/03) Corpus Christi $1.353 +4.6 cents $1.590 (2/20/03) Dallas $1.417 +2.7 cents $1.666 (5/12/01) Fort Worth $1.409 +1.7 cents $1.660 (5/22/01) Houston $1.398 +1.7 cents $1.639 (5/12/01) San Antonio $1.368 +3.1 cents $1.582 (3/18/03) |
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