AAA Says February Gas Price Lower At $1.12 Per Gallon.Business & News Editors ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 12, 2002 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 prices - down 1.2 cents nationwide in the last month to an average $1.12 per gallon gallon: see English units of measurement. - are a welcome bargain for consumers and businesses trying to shake off the effects of a slow economy, 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. said today. The nationwide average price of self-serve regular gasoline was $1.132 one month ago and has fluctuated very little since then, AAA's daily, online Fuel Gauge Report shows (http://www.fuelgaugereport.com). One year ago the nationwide average price was $1.477. AAA said the outlook for continued stable gasoline prices remains strong for the first quarter of 2002, as long as worldwide energy production is uninterrupted by military or political events. Gas prices in the Southeast and Southwest are the best bargains this month, at $1.074 per gallon and $1.097 per gallon, respectively. Prices in the Southeast are down 1.9 cents and prices in the Southwest are down 1.6 cents from last month. 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). , Midwest and Mid-Atlantic regions also have fallen since last month. In the Great Lakes, prices are down .1 cent to $1.112 per gallon. Midwest prices are down 1.5 cents per gallon to $1.115 per gallon. 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. , prices fell .8 cent for the month to $1.12 per gallon. The average gasoline price is unchanged in the West at $1.264 and in the 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 increased 5.5 cents to $1.172 per gallon. Nationwide, the price of self-serve, mid-grade averages $1.189, a decrease of 1.2 cents from last month, and down 37.9 cents from last year. Self-serve premium averages $1.232 per gallon, down 1.3 cents since mid-January, and 39.3 cents lower than one year ago. Average regional gasoline prices in February of last year were: West, $1.574; New England, $1.512; Mid-Atlantic, $1.476; Great Lakes, $1.458; Southwest, $1.436; Midwest, $1.496; and Southeast, $1.429. The national average prices for self-serve regular unleaded gasoline for AAA's February survey for the last five years were: 2001, $1.477; 2000, $1.367; 1999, $0.96; 1998, $1.114; 1997, $1.287; and 1996, $1.129. 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 nearly 45 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. , fully tax paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at: http://www.aaa.com. AAA news releases are available from http:///www.aaa.com/news |
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