Gas Prices Drop

HOUSTON, February 11, 2008 - Retail gasoline prices dropped for the fourth straight week as motorists’ demand for fuel tumbled, according to the AAA Texas Weekend Gas Watch.

The Texas average fell less than a penny to $2.87 a gallon. The national average is $2.97 a gallon, down a penny.

"Gasoline supplies hit a near 14-year high of 227.5 million barrels last week, according to the U.S. Energy Department," said AAA Texas spokesperson Rose Rougeau. "The increase in gas inventories is being fueled by falling demand, which implies consumers are driving less due to the weakening economy."

Corpus Christi has the lowest average once again at $2.82 a gallon, down five cents. The Austin – San Marcos area has the highest average on the list at $2.90 a gallon, down nearly two cents.

Average Daily Prices as of 12:01 a.m., February 8, 2008

Area	2/7/08	Weekly Change	1/31/08	Weekly Change	1/24/08	Record High	Year Ago Average
National	$2.972	-1.4 cents	$2.986	-2.0 cents	$3.006	$3.227 (5/24/07)	$2.185
State	$2.866	-0.06 cent	$2.872	-2.5 cents	$2.897	$3.085 (5/23/07)	$2.064
Amarillo	$2.883	+0.05 cent	$2.878	+1.3 cents	$2.865	$3.308 (7/13/07)	$2.170
Austin – San Marcos	$2.900	-1.5 cents	$2.915	-2.0 cents	$2.935	$3.048 (5/22/07)	$2.078
Beaumont	$2.889	-0.08 cent	$2.897	-1.2 cents	$2.909	$3.055 (5/22/07)	$2.030
Corpus Christi	$2.818	-5.3 cents	$2.871	-1.8 cents	$2.889	$3.011 (5/23/07)	$1.976
Dallas	$2.835	-0.03 cent	$2.838	-3.9 cents	$2.877	$3.062 (5/24/07)	$2.060
El Paso	$2.843	+2.5 cents	$2.818	-1.1 cents	$2.829	$3.278(5/26/07)	$2.087
Ft. Worth	$2.836	+0.02 cent	$2.834	-3.1 cents	$2.865	$3.058 (5/23/07)	$2.053
Galveston – Texas City	$2.856	No Change	$2.856	-2.0 cents	$2.876	$3.056 (5/22/07)	$2.047
Houston	$2.851	-1.4 cents	$2.865	-1.9 cents	$2.884	$3.042 (5/23/07)	$2.039
San Antonio	$2.866	-1.2 cents	$2.878	-2.2 cents	$2.900	$2.994 (5/24/07)	$2.015
Texarkana (TX only)	$2.850	-1.5 cents	$2.865	-3.5 cents	$2.900	$3.070 (11/10/07)	$2.107