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AAA Texas: Weekend Gas Watch; Downward Drift in Pump Prices.


HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy


The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry;
 -- Pump prices drifted downward for the fifth straight week, despite the record number of motorists expected to travel for the Fourth of July Fourth of July, Independence Day, or July Fourth, U.S. holiday, commemorating the adoption of the Declaration of Independence. Celebration of it began during the American Revolution.  holiday weekend, 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.
 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' Weekend Gas Watch.

The national average for regular self-serve 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  is $1.901 per gallon gallon: see English units of measurement. , 2.4 cents lower than last week's average, but 41.4 cents higher than last year's average. The Texas average for a gallon of regular self-serve dropped 2.5 cents to $1.793 per gallon.

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).
 has the cheapest fuel at $1.698 per gallon, down 3.3 cents since last week. Beaumont Beaumont, city (1990 pop. 114,323), seat of Jefferson co., Tex., on the Sabine-Neches Waterway; inc. 1838. A ship channel provides the facilities of a modern deepwater port, with shipyards and large storage tanks. Beaumont is a major oil city.  posted the biggest weekly drop of 3.6 cents to $1.785 per gallon. Dallas tops the list at $1.830 per gallon, down 2.1 cents compared to a week ago.

"The July Fourth holiday period traditionally is the heaviest travel period of the summer," said Rose Rougeau, spokesperson for AAA Texas. "With crude oil prices at their lowest levels in two months and inventories up, motorists should anticipate even more price decreases despite an increase in consumption."

AAA Texas' Weekend Gas Watch monitors the average price of gasoline at popular destinations for automobile trips.
Average Daily Prices as of 12:01 AM, July 2, 2004:

                               Weekly          New          Year
Area               Current     Change     Record Price    Ago Price
-----------------  -------  ------------ ---------------  ---------

National           $1.901   - 2.4 cents  $2.054(5/26/04)    $1.487

State              $1.793   - 2.5 cents  $1.927(5/26/04)    $1.386

Austin-San Marcos  $1.779   - 2.8 cents  $1.929(5/27/04)    $1.349

Beaumont           $1.785   - 3.6 cents  $1.903(6/1/04)     $1.350

Corpus Christi     $1.698   - 3.3 cents  $1.925(5/26/04)    $1.329

Dallas             $1.830   - 2.1 cents  $1.932(5/27/04)    $1.411

Fort Worth         $1.813   - 2.7 cents  $1.924(5/28/04)    $1.394

Galveston -        $1.780   - 2.6 cents  $1.922(6/1/04)     $1.388
Texas City

Houston            $1.775   - 2.8 cents  $1.909(6/1/04)     $1.380

San Antonio        $1.737   - 3.3 cents  $1.952(5/26/04)    $1.337



AAA Texas, an affiliate of AAA National, has been serving Texans since 1902. Today, more than a million AAA Texas members benefit from the organization's roadside assistance service, travel agency, financial products, insurance products and services, automotive pricing, buying and financing, trip planning services, and traffic safety programs. Information about these products and services is available on AAA Texas' Web site at www.aaa-texas.com.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 2, 2004
Words:417
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