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Auto Club: Five Weeks of Lower Prices and More to Come.


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.  -- For the fifth 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 moved lower last week across 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, . The lower price trend shows every indication of continuing through the Memorial Day holiday weekend, 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 $2.495, which is 4.4 cents lower than last week, 12 cents lower than last month and 18 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 $2.495, a 4.1-cent decline from last week, 12 cents below last month and 16 cents above last year. On the Central Coast, the average price is $2.622, down 4.6 cents from last week, 10 cents lower than last month and 19 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 $2.492, down 6.4 cents from last week, 15 cents below last month and 14 cents above last year.

"After months of wide fluctuations, the month leading up to the summer driving season has seen stability return to the oil and gasoline market," said Auto Club spokesperson Carol Thorp. "Crude oil prices continue to decline and that's reflected at gasoline pumps in Southern California. It's likely that we'll see lower prices for the next few weeks, including the Memorial Day holiday weekend, which is the traditional kick off of the summer driving season."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., May 20:
Area                        Regular    Change from      Record Price
                                        last week

Los Angeles-Long Beach       $2.495     -4.4 cents  $2.625 (4/13/2005)

Orange County                $2.491     -4.2 cents  $2.605 (4/21/2005)

San Diego                    $2.495     -4.1 cents  $2.626 (4/12/2005)

Santa Barbara-Santa Maria-
 Lompoc                      $2.622     -4.6 cents  $2.730 (4/29/2005)

Riverside-San Bernardino     $2.492     -6.4 cents  $2.649 (4/13/2005)

Bakersfield                  $2.472     -8.3 cents  $2.682 (4/22/2005)

Las Vegas                    $2.362     -5.7 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:May 20, 2005
Words:350
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