Auto Club: Final Weekend of Summer Sees Jump in Gas Prices.News/Travel Editors & Automotive Writers LOS ANGELES--(BUSINESS WIRE)--Aug. 30, 2002 As motorists prepare for the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. holiday, 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 retailers 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, have increased pump prices. Higher prices are efforts to stabilize stabilize See peg. profits in the face of falling demand and fears of war that have caused a spike in the cost of crude oil, 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. . The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.628 per gallon, which is 2.3 cents higher than last week's price, 3 cents lower than last month and 10 cents higher than prices at this time 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 $1.668, which is 2.8 cents higher than last week's level, 5 cents higher than last month and 2 cents higher than last year. Motorists in the central coast have an average price of $1.715 which is 2 cents above last week's price, 5 cents higher than last month and 2 cents above the price last year. "Gasoline refiners are having their profits squeezed by lower demand for gas and higher costs for crude oil caused by fears of hostilities in the Middle East," said Auto Club spokesperson Carol Thorp. "The result is a slight run-up in pump prices. Despite the higher prices, I don't think anyone planning a driving trip this weekend would cancel it because gasoline costs 2 or 3 cents more per gallon."
Average prices as of 12:01 a.m., Aug. 30:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.628 +2.3 cents $2.036 (5/25/01)
San Diego $1.668 +2.8 cents $2.025 (5/29/01)
Santa Barbara-Santa Maria-
Lompoc $1.715 +2.0 cents $2.069 (5/16/01)
Las Vegas $1.482 -0.6 cents $1.885 (3/27/00)
Phoenix-Mesa, Ariz. $1.421 -0.6 cents $1.720 (5/30/01)
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