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AAA Texas: Weekend Gas Watch; Record High Oil & Gas 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;
 -- Crude oil hit an all-time record high on Thursday due to fears of supply disruptions because of Hurricane Katrina Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.  -- a record that may force retail gas prices even higher, 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 Texas average price for regular self-serve rose two cents this week to $2.555 a gallon gallon: see English units of measurement.  -- that's 65.9 cents higher than last year's average. Last week, the statewide average posted its highest ever weekly increase of 22 cents.

Beaumont is the only city surveyed that posted a decrease this week -- down a penny to $2.508 a gallon.

"Although it is expected that Hurricane Katrina will miss the rigs in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico
Golfo de Mexico

Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east
, speculators pushed crude prices to a new all-time high -- $67.49 a barrel," said Rose Rougeau, spokesperson for AAA Texas. "It appears the threat of the hurricane is magnified due to supply concerns in an already tight market. With the price of crude setting new records and the approach of the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894.  Holiday weekend, consumers should brace brace: see drill.

(character) brace - left brace or right brace.
 themselves for more price hikes at the pumps."

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  showed about a two cents weekly increase to $2.603 a gallon, that's a penny less than the all-time record high of $2.614 set on August 22nd.

AAA Texas' Weekend Gas Watch monitors the average price of gasoline at popular destinations for automobile trips.
Average Daily Prices as of 12:01 A.M., August 26, 2005:

                             Weekly               Weekly
      Area        8/26/05    Change    8/19/05    Change     8/12/05
----------------- -------- ----------- -------- ------------ --------
National           $2.603  +1.7 cents   $2.586  +18.9 cents   $2.397
State              $2.555  +1.9 cents   $2.536  +22.0 cents   $2.316
Austin-San Marcos  $2.504  +2.1 cents   $2.483  +20.7 cents   $2.276
Beaumont           $2.508  -1.2 cents   $2.520  +23.9 cents   $2.281
Corpus Christi     $2.493  +1.9 cents   $2.474  +19.3 cents   $2.281
Dallas             $2.619  +1.9 cents   $2.600  +23.9 cents   $2.361
Ft. Worth          $2.607  +2.0 cents   $2.587  +24.2 cents   $2.345
Galveston-Texas
 City              $2.584  +0.3 cent    $2.581  +24.6 cents   $2.335
Houston            $2.571  +0.9 cent    $2.562  +24.2 cents   $2.320
San Antonio        $2.476  +1.2 cents   $2.464  +19.9 cents   $2.265


      Area        New Record Price    2004 Average
----------------- ----------------- -----------------
National           $2.614 (8/22/05)      $1.878
State              $2.563 (8/22/05)      $1.796
Austin-San Marcos  $2.511 (8/23/05)      $1.766
Beaumont           $2.536 (8/19/05)      $1.763
Corpus Christi     $2.503 (8/21/05)      $1.759
Dallas             $2.626 (8/22/05)      $1.810
Ft. Worth          $2.617 (8/21/05)      $1.802
Galveston-Texas
 City              $2.600 (8/23/05)      $1.770
Houston            $2.584 (8/21/05)      $1.767
San Antonio        $2.483 (8/21/05)      $1.757
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 26, 2005
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