Auto Club: California Gas Prices Continue Downward Trickle.Energy Editors/News Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 26, 2004 For the third straight 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 continued a slow decline in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , while many parts of the country saw prices inch up, 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 hit another record high at $1.742. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.147, which is 2.4 cents lower than last week. This price is 4.2 cents higher than last month and 2 cents lower 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 $2.157, which is 3.4 cents lower than last week, 2.5 cents above last month and 5 cents lower than last year. Motorists in the Central Coast pay an average price of $2.221, which is 2.4 cents lower than last week, 5.7 cents above last month and 3.6 cents higher than last year. "Average pump prices are slowly edging down, but they are still much higher than we would expect to see when compared to wholesale prices that have been around $1.30 per gallon gallon: see English units of measurement. for more than a week," said Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson Carol Thorp. "Analysts say there is still room for price reductions in California during the coming weeks. OPEC's decision on whether it cuts or increases production will be a key indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. whether we see higher or lower prices for summer." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., March 26:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.147 -2.4 cents $2.202 (3/4/2004)
San Diego $2.157 -3.4 cents $2.217 (3/6/2004)
Santa Barbara-Santa Maria-Lompoc $2.221 -2.4 cents $2.276 (3/6/2004)
The national average price of gasoline rose 1.9 cents per gallon last week to reach a new record high. Demand continues to be higher than last year at the same time and many other regions are now changing over from winter to summer grade gasoline.
Area Regular Change from Record Price
last week
National Average $1.742 +1.9 cents $1.742 (3/25/2004)
New York $1.915 +0.9 cents $1.968 (9/6/2003)
Washington $1.746 +2.2 cents $1.797 (5/16/2001)
Boston $1.738 +1.3 cents $1.812 (9/3/2003)
Philadelphia $1.751 +1.1 cents $1.807 (9/3/2003)
Atlanta $1.615 +2.7 cents $1.615 (3/25/2004)
Miami $1.799 +2.2 cents $1.799 (3/25/2004)
Chicago $1.795 +3.8 cents $2.142 (6/19/2000)
Detroit $1.735 +4.5 cents $2.137 (6/20/2000)
Kansas City, Mo. $1.633 +1.3 cents $1.790 (6/21/2000)
St. Louis $1.680 +7.0 cents $1.767 (5/17/2001)
Denver $1.698 +3.5 cents $1.780 (6/5/2001)
Dallas $1.634 +1.9 cents $1.666 (5/12/2001)
Houston $1.620 +2.2 cents $1.639 (5/12/2001)
Salt Lake City $1.799 +1.9 cents $1.800 (3/23/2004)
Las Vegas $2.097 -0.4 cents $2.105 (3/6/2004)
Phoenix $1.957 +1.6 cents $2.146 (8/26/2003)
Seattle $1.833 -0.5 cents $1.969 (9/4/2003)
San Francisco $2.227 -2.1 cents $2.276 (3/19/2003)
Honolulu $2.023 -0.1 cents $2.054 (10/2/2003)
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