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AAA Finds Gas Price Seesaw: Fuel Costs Up In The West, Down In East and Midwest.


Business, Travel & Lifestyle Editors/Automotive Writers

ORLANDO, Fla.--(BUSINESS WIRE)--March 13, 2001

Nationwide, the average price of regular unleaded 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 down 4.2 cents per gallon from last month to $1.435, 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.
. However, the motor club said motorists on the West Coast are finding fuel prices higher for the month while car owners in the Midwest and East are enjoying lower prices.

AAA's monthly Fuel Gauge Report shows the divergent di·ver·gent  
adj.
1. Drawing apart from a common point; diverging.

2. Departing from convention.

3. Differing from another: a divergent opinion.

4.
 price pattern is most pronounced between the West - where the cost of regular unleaded is up an average 2.8 cents to $1.60 per gallon -- and the Midwest, where prices are down an average 8.6 cents to $1.41 per gallon.

The difference in price movements is due mainly to a switch from winter grade to summer grade fuels that occurs earlier in California than in the rest of the nation, AAA said. As Midwestern and Eastern states Eastern States can refer to several locations:
  • New England, United States
  • Eastern states of Australia
 draw down their supplies of winter-grade gasoline, fuel prices should remain moderate.

Prices are expected to turn higher in the rest of the country with the approach of summer and the introduction of more costly to produce lower-volatility, clean-burning gasoline.

This month the nationwide average price of gasoline is 3.6 cents lower than one year ago when the average price was $1.471 per gallon. March is the 14th consecutive month of gasoline prices in excess of $1.30 per gallon.

In other regions of the country this month, the price of self-serve regular unleaded decreased an average 2.4 cents in the Mid-Atlantic states Mid-At·lan·tic States  

See Middle Atlantic States.

Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland
U.S.A.
 to $1.452. In New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , prices fell 1.2 cents to $1.50. Gasoline prices in the Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km).  states were down an average .7 cent to $1.388 per gallon. Prices were .5 cent lower in the Southeast, averaging $1.379 per gallon. In the Southwest, prices dipped .4 cent lower to $1.396 per gallon.

Nationwide, the price of self-serve, mid-grade averages $1.523 per gallon, a drop of 5.5 cents from last month, and 3.9 cents less expensive than last year.

Self-serve premium averages $1.578, down 4.7 cents since mid-February, and 4.1 cents lower than one year ago. The national average prices for self-serve regular unleaded gasoline for AAA's March survey for the last five years were: 2000, $1.543; 1999, $.97; 1998, $1.081; 1997, $1.271; and 1996, $1.18.

AAA's Fuel Gauge Report is based on data from Oil Price Information Service -- the nation's most comprehensive source of petroleum pricing information.

As the nation's largest motoring and leisure travel organization, AAA provides its 44 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax paying AAA has been a leader and advocate for safety and security of all travelers.

(EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat.

Trained by D.
: national, state and local prices can be downloaded on the AAA NewsRoom - http://www.aaa.com/news.)
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 13, 2001
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