Auto Club: 2004 Begins with Higher Prices at the Gas Pump; National Average Jumps 4.2 Cents Higher.Energy Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 9, 2004 Ending a trend of five straight weeks of declines, the price of 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 in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, rose sharply in the first week of 2004, 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. the Automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of Club of Southern California's Weekend Gas Watch. The national average for gasoline increased by 4.2 cents per gallon gallon: see English units of measurement. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.673, which is 4.7 cents higher than last week. This price is 4 cents lower than last month and 7 cents higher than last year. In San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , the price is $1.697, which is 4.1 cents above last week's level, 3 cents below last month and 4 cents higher than last year. Motorists in the Central Coast pay an average price of $1.784, which is 3.7 cents higher than last week's price, 3 cents below last month and 11 cents higher than last year. "Wholesale prices of gasoline are up due to nervousness among investors about refiners' ability to maintain supplies of the new ethanol ethanol (ĕth`ənōl') or ethyl alcohol, CH3CH2OH, a colorless liquid with characteristic odor and taste; commonly called grain alcohol or simply alcohol. blend of gasoline," said Carol Thorp, Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson. "Consumer demand for gas remains flat, but compared to last year, supply is a bit lower. Prices could ease a few cents in the next couple of weeks. However, by the end of January January: see month. , prices could begin a long, steep rise." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., Jan. 9:
Area Regular Change from Record Price
last week
Los Angeles-Long
Beach $1.673 +$0.047 $2.167 (3/22/03)
San Diego $1.697 +$0.041 $2.211 (3/20/03)
Santa Barbara-Santa
Maria-Lompoc $1.784 +$0.037 $2.233 (8/27/03)
The national average price of regular gasoline jumped sharply last
week, with most areas of the country registering significant
increases. Nationally, the demand remains flat while supply is only
slightly lower than at this time last year. The short-term outlook is
for prices to ease downward by a couple of cents. Over the long-term,
prices are expected to increase in the latter part of January and
continue higher, possibly considerably, through the spring.
Area Regular Change from Record Price
last week
National Average $1.526 +$0.042 $1.737 ( 8/30/03)
New York $1.752 +$0.008 $1.968 (9/6/03)
Washington, D.C. $1.596 +$0.012 $1.797 (5/16/01)
Boston $1.552 +$0.017 $1.812 (9/3/03)
Philadelphia $1.540 +$0.007 $1.807 (9/3/03)
Atlanta $1.418 +$0.065 $1.589 (3/18/03)
Miami $1.565 +$0.055 $1.761 (3/18/03)
Chicago $1.622 +$0.050 $2.142 (6/19/00)
Detroit $1.530 +$0.058 $2.137 (6/20/00)
Kansas City, Mo. $1.437 +$0.054 $1.790 (6/21/00)
St. Louis $1.493 +$0.121 $1.767 (5/17/01)
Denver $1.411 -$0.015 $1.780 (6/5/01)
Dallas $1.455 +$0.033 $1.666 (5/12/01)
Houston $1.436 +$0.045 $1.639 (5/12/01)
Salt Lake City $1.493 -$0.008 $1.789 (9/4/03)
Las Vegas $1.634 +$0.019 $2.063 (3/25/03)
Phoenix $1.527 +$0.034 $2.146 (8/26/03)
Seattle $1.553 +$0.038 $1.969 (9/4/03)
San Francisco $1.790 +$0.040 $2.276 (3/19/03)
Honolulu $2.006 -$0.007 $2.054 (10/2/03)
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