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Auto Club: Area Gas Prices Reach Plateau -- Slow Downward Trend Expected.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- 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,  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 recorded slight increases last week, but conditions point to a lower price trend for the rest of the summer, 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 Club of Southern California's Weekend Gas Watch.

The average price of self-serve regular gasoline in the Los LOS Length of stay, see there  Angeles-Long Beach area is $2.579, which is eight-tenths of a cent higher than last week, 20 cents higher than last month and 38 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 $2.614 -- eight-tenths of a cent above last week, 21 cents above last month and 41 cents above last year. On the Central Coast, the average price is $2.679, up 1.1 cents from last week, 19 cents higher than last month and 32 cents higher than last year. In the Inland Empire In·land Empire  

A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area.
, the average price is $2.568, up 1.2 cents from last week, 20 cents above last month and 36 cents higher than last year.

"Even though prices on a week-to-week comparison are up, the high water mark was Monday. Since then, prices have been declining slowly," said Auto Club spokeswoman Carol Thorp. "Demand for gas this summer is lower because of high prices. We can expect slow and steady declines at retail pumps for the next few weeks."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01a.m., July 22:
Area                   Regular     Change from      Record Price
                                    last week

Los Angeles-Long Beach  $2.579      +0.8 cents      $2.625 (4/13/2005)

Orange County           $2.558      +0.8 cents      $2.605 (4/21/2005)

San Diego               $2.614      +0.8 cents      $2.626 (4/12/2005)

Santa Barbara-Santa
 Maria-Lompoc           $2.679      +1.1 cents      $2.730 (4/29/2005)

Riverside-San
 Bernardino             $2.568      +1.2 cents      $2.649 (4/13/2005)

Bakersfield             $2.583      +0.1 cents      $2.682 (4/22/2005)

Las Vegas               $2.481      +1.9 cents      $2.534 (4/14/2005)
COPYRIGHT 2005 Business Wire
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 22, 2005
Words:324
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