AAA Texas Monthly Fuel Gauge Report; Statewide Monthly Gas Average Surges to New High.Energy Editors/Business Editors/Travel Writers HOUSTON--(BUSINESS WIRE)--May 18, 2004 The statewide average price 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 has set a new monthly high of $1.867 a gallon gallon: see English units of measurement. , 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. The new record is 21.8 cents more than last month's average and 48 cents more than last year's average. The national average price of self-serve regular gasoline is within a whisker of $2 a gallon at $1.999, according to AAA. The average national price is 49.6 cents a gallon higher than it was a year ago when the average price was $1.503. "Much of the cause for today's high Today's High The intra-day high trading price. Notes: In other words, this is the highest price that a stock traded at during the course of the day. More often than not this is higher than the closing price. See also: Today's Low gasoline prices can be traced to cutbacks by OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its , rising demand for gasoline as the U.S. economy improves and record high prices for crude oil," said Rose Rougeau, spokesperson for AAA Texas. An AAA membership survey suggests that consumers may begin to alter their driving patterns if gasoline prices stay above $2 for most of the summer, and will consider switching to more fuel-efficient fu·el-ef·fi·cient adj. Operable using comparatively little fuel: fuel-efficient cars. fu vehicles. "Altered consumer behavior does not include canceling long-planned Memorial Day driving trips which is expected to be a record 30.9 million auto travelers this holiday," added Rougeau. "Travelers say they'll they'll Contraction of they will. they'll will simply take shorter or fewer trips if prices continue to rise." AAA's Fuel Gauge gauge In manufacturing and engineering, a device used to determine whether a dimension is larger or smaller than a reference standard. A snap gauge, for example, is formed like the letter C, with outer “go” and inner “not go” jaws, and is used to Report is based on data from the Oil Price Information Service, the nation's most comprehensive source of petroleum pricing information. AAA Texas, an affiliate Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. 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, insurance and financial products, travel agency, 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.
AAA Texas Fuel Gauge Monthly Report
AVERAGE PRICE OF SELF-SERVE REGULAR GASOLINE
Metro State May '04 Apr. '04
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Abilene TX 1.915 1.670
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Amarillo TX 1.891 1.612
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Austin TX 1.860 1.650
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Beaumont TX 1.862 1.682
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Brownsville TX 1.824 1.652
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Corpus Christi TX 1.828 1.642
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Dallas TX 1.871 1.671
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El Paso TX 1.872 1.628
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Fort Worth TX 1.858 1.661
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Houston TX 1.862 1.642
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Laredo TX 1.846 1.654
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Longview TX 1.858 1.638
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Lubbock TX 1.893 1.630
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Midland TX 1.910 1.681
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Odessa TX 1.890 1.665
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San Antonio TX 1.854 1.634
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Waco TX 1.841 1.621
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Average TX 1.867 1.649
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