Auto Club: California Gasoline Refineries Producing near Capacity - Retail Prices Drifting Lower.Energy Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 23, 2004 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 drifted lower last week as refineries 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). increased production to near full capacity, 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 is $1.808, 2 cents higher than last week and a new record high. Currently, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.198, which is 2.1 cents lower than last week. Today's price is 3 cents higher than last month and 17 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 $2.203, which is 3.3 cents below last week, 3 cents higher than last month and 16 cents above last year. Motorists in the Central Coast pay an average price of $2.295, which is 1.3 cents lower than last week, 6 cents above last month and 22 cents higher than last year. "California refineries are producing about 935,000 barrels of gasoline per day, which is what's expected for this time of year," said Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson Carol Thorp. "While demand remains strong, higher production indicates that retail pump prices could continue falling at the rate of 2-3 cents per week for at least the next couple of weeks." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., April 23: Area Regular Change from last week Record Price Los Angeles-Long Beach $2.198 -2.1 cents $2.233 (4/10/2004) San Diego $2.203 -3.3 cents $2.240 (4/9/2004) Santa Barbara-Santa Maria-Lompoc $2.295 -1.3 cents $2.317 (4/10/2004) The national average price of gasoline rose 2 cents last week. The price of $1.808 is a new record high. The upward price trend continues as refineries in many states remain in the turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. period. Turnaround is when refineries conduct scheduled maintenance and ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale production of special blends Special Blend is a morning radio show airing weekdays from 7 AM to 10 AM on the community-based campus radio station CKCU-FM in Ottawa, Canada. The show is entirely produced by volunteers; each of the 15 weekly programming hours is hosted by a different volunteer, with required to meet clean air standards during the summer months. Area Regular Change from last week Record Price National Average $1.808 +2.0 cents $1.808 (4/22/2004) New York $1.954 +1.9 cents $1.968 (9/6/2003) Washington $1.832 +1.7 cents $1.841 (4/21/2004) Boston $1.754 +1.3 cents $1.812 (9/3/2003) Philadelphia $1.771 +0.9 cents $1.807 (9/3/2003) Atlanta $1.691 +2.5 cents $1.693 (4/21/2004) Miami $1.846 +1.6 cents $1.846 (4/22/2004) Chicago $1.933 +2.6 cents $2.142 (6/19/2000) Detroit $1.794 +0.4 cents $2.137 (6/20/2000) Kansas City, Mo. $1.706 +2.5 cents $1.790 (6/21/2000) St. Louis $1.729 +1.8 cents $1.767 (5/17/2001) Denver $1.828 +7.0 cents $1.832 (4/20/2004) Dallas $1.707 +2.1 cents $1.707 (4/22/2004) Houston $1.679 +1.8 cents $1.679 (4/22/2004) Salt Lake City $1.880 +4.6 cents $1.882 (4/21/2004) Las Vegas $2.137 +0.3 cents $2.135 (4/14/2004) Phoenix $2.023 -0.2 cents $2.146 (8/26/2003) Seattle $2.004 +7.7 cents $2.004 (4/22/2004) San Francisco $2.252 -2.5 cents $2.294 (4/10/2004) Honolulu $2.073 +1.2 cents $2.073 (4/22/2004) |
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