Auto Club: Big Drop in Retail Gas Prices.News Editors/Business Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 25, 2003 For the fifth consecutive week, 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 fell in the Southwest, and market forces indicate retail prices will continue to decline further, 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 Weekend Gas Watch, compiled by the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.014 per gallon gallon: see English units of measurement. , which is 8.9 cents lower than last week's price, 15 cents lower than last month and 39 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 $2.032, which is 8.7 cents below last week's level, 18 cents below last month and 36 cents above last year. Motorists in the central coast have an average price of $2.082, which is 5.9 cents lower than last week's price, 12 cents lower than last month and 39 cents higher than last year. "Wholesale gasoline prices still are trending downward, but not as steeply as in the past month," said Carol Thorp, spokesperson for the Automobile Club of Southern California. "Dealer profits remain fairly strong, indicating that competition should push prices lower for at least the next couple of weeks." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., April 25:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.014 -8.9 cents $2.167 (3/22/03)
San Diego $2.032 -8.7 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-
Lompoc $2.082 -5.9 cents $2.207 (3/22/03)
Las Vegas $1.946 -4.2 cents $2.063 (3/25/03)
Phoenix-Mesa, Ariz. $1.907 -3.0 cents $2.003 (3/22/03)
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