Auto Club: Free Fall of Oil Futures Causes Local Gas Price to Spin Downward.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. -- 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, motorists enjoyed the largest week-to-week decline in 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 in more than a year last week, 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. Last week was the seventh consecutive week of lower pump prices in the region. Motorists benefited from crude oil futures that fell from a high of $55 per barrel in October to near $42 per barrel currently. The average price of self-serve regular gasoline in the Los LOS Length of stay, see there Angeles-Long Beach area is $2.199 a gallon, which is 5.3 cents lower than last week, 27 cents lower than last month and 50 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 $2.231, which is 5.4 cents lower than last week, 18 cents below last month and 51 cents above last year. On the Central Coast, the average price is $2.328, which is down 6.2 cents from last week, 20 cents lower than last month and 52 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 $2.219, which is down 6.6 cents from last week, 19 cents below last month and 53 cents above last year. "Declining crude oil prices are an indicator that there are ample supplies of oil and gasoline to meet our needs," said Auto Club spokesperson Carol Thorp. "We expect the trend of lower gasoline prices to continue for the rest of 2004." The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Dec. 10.
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.199 -5.3 cents $2.446 (10/21/2004)
Orange County $2.191 -5.0 cents $2.441 (10/23/2004)
San Diego $2.231 -5.4 cents $2.464 (10/21/2004)
Santa Barbara-Santa Maria-
Lompoc $2.328 -6.2 cents $2.570 (10/22/2004)
Riverside-San Bernardino $2.219 -6.6 cents $2.461 (10/21/2004)
Bakersfield $2.214 -6.1 cents $2.437 (10/23/2004)
Las Vegas $2.060 -7.3 cents $2.290 (10/20/2004)
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