Gas prices stabilizing, adjusting to world events

sanantonio.bizjournals.com 10:27 AM CST Friday 

Gasoline prices remained stable across most of the state last week either rising or falling by less than a penny, according to AAA's Weekend Gas Watch.

The statewide average for a gallon of regular unleaded gasoline is $1.587, a three-tenths of a cent decline from a week ago.

Gas prices dipped 0.8 cent in San Antonio, to $1.547 per gallon, the cheapest in the state. The Austin/San Marcos area saw a 0.4 cent decrease, to $1.557, while Corpus Christi gas prices increased by 0.1 cent, to $1.557.

Dallas, which continues to have the highest gas prices in the state, saw average prices inch up 0.1 cent, to $1.596 per gallon. The Fort Worth area saw prices dip 0.8 cent, to $1.584, and Houston prices remained unchanged at $1.588.

"Factors, such as the possibility of war in Iraq and the on-going petroleum strike in Venezuela, still exist but the price stability indicates that worldwide markets have adjusted to them," says AAA Texas spokeswoman Carol Thorp. "If international conditions remain the same, we would anticipate prices to remain close to their current levels in the coming week."

The AAA Texas survey tracks the average price of gas at popular car-trip destinations.